Sep
7
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If student loans are made available through the government for college would it be fair to have the students?
Financial Aid
Palin asked:
sign a contact that states if they consume alcohol or drugs while attending college the loan could be rescinded?
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Tags: Alcohol, Attending College, College Loan, Contact, Drugs, Student Loans











September 9th, 2008 at 1:30 pm
Yes, I think it’s quite fair. They’re supposed to be there to learn. Not screw up with alcohol and drugs.
September 12th, 2008 at 9:55 am
If the activity violates the law then yes, it would be fair. However, once you’re 21 then you’re legally allowed to drink so I don’t see that a contract that said no drinking would be fair. A school could ask you to sign something like that if they are a dry campus and then mete out “punishment” such as not being allowed to live on campus if an alcohol related offense occurs. I think the federal loan application asks if you’ve been convicted of a felony, etc. because you can be denied government loans if you have. As far as I can recall you’re not asked to sign anything that says you won’t, at least not by the government. If a school is asking for this I would question the legality of them putting stipulations on federal loans unless it was ok with the government.
September 13th, 2008 at 9:17 pm
There are two sources for student loans — the federal government and private lenders. In order to obtain most federal student loans, you will first need to file the Free Application for Federal Student Aid (FAFSA). In mostyou can combine all of your eligible federal student loans into one loan with a Federal Consolidation Loan. Consolidating also locks the interest rate you pay on your loan.
September 16th, 2008 at 7:23 am
No - maybe Grants but not loans. Loans are paid back, and there is no way I’d see a creditor being able to make these kinds of conditions on a contract and still be in the business. It would cost more to drug test every client than it would to just loan to a few people who actually won’t pay their loan back.
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