Consumer Protection Law
Consumer Protection Law Questions? Ask a Lawyer Now.
Hi, I'm Heather, an attorney with 15 years experience and I'll be happy to assist for informational purposes.
The answer depends on your contracts you have with the lender and, if the lender is the school, with the school. You will have to review these documents in detail and see if you have an "out" in the contracts you have with them. The contracts are probably pretty complicated, so you will probably need to have an independent attorney in your state review them if you feel pretty solid in your position. In general, those contracts are pretty tough to get around, as there are alot of students who start school, but then stop after a short period of time. I wish I had a better answer for you, but it doesn't do you any good to give you incorrect or inaccurate information, just because it's what I think you might want to hear. I hope this has been useful information. Please let me know if I have answered your question.