Jump to content

Collections for school tuition


Guest tmddnswlgus
 Share

Recommended Posts

Effecting the credit score is the least of your worries.  

Has your son graduated yet?

 

 If you owe the school money, they may refuse to release his transcripts.  

If he hasn’t graduated, they may hold his diploma and / or refuse to let him enroll in the future. 

You may be in a situation where you will have to see if you can get a student loan from somewhere to cover the money you can’t pay now.  

 

Since your son has a job, he might not need the transcripts any time soon.  

So your other choice is to pay it off as fast as you can and let your son take the hit on his credit report.  

Getting a student loan would be a little more money in the long run but the damage to your son’s credit report would hurt a lot more.  

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

 Share

×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.. For more information, please see our Privacy Policy and Terms of Use.