Easily Delete Payment Field into the Scholarship Contract

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How to Delete Payment Field into the Scholarship Contract

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hey guys welcome to this video my name is john watson a consumer protection lawyer and i want to answer a question that one of you guys posed and i always appreciate when you put these suggestions and questions in video comments and that is is it legal to do a pay for deletion and if so whats the process so i want to talk about a number of things related to this and ill try to keep this video from being too long but hopefully itll be interesting to you and informative so the first thing is is it legal to do a pay for delete absolutely so lets talk about what is a pay for delete some people call it a pay to delete and that is when you contact the debt collector whether its by phone email letter live chat however it is you get in touch with the collector and you agree to pay a certain amount of money and the collector agrees to settle the debt for that amount of money and to delete the account from your credit report so lets use an example lets say that youre dealing with uh wel

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Below are some common questions from our customers that may provide you with the answer you're looking for. If you can't find an answer to your question, please don't hesitate to reach out to us.

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Can scholarship money be taken away?

If you spend the scholarship on something other than what the scholarship is for, you could lost it. GPA If the scholarship required a minimum grade point average to qualify or to maintain the scholarship and you fall below, you could lose the scholarship.

Do you have to pay back scholarships if you get kicked out?

Typically, you will not have to repay anything. Of course, you wont receive the future disbursements of the scholarship that you would have received if you continued attending school. But even so, you wont face further financial penalties.

Can a college make you repay a scholarship?

Usually, the answer is no. Scholarships are a form of nonrepayable gift aid, much like many federal grants. Student loans, unlike grants and scholarships, are borrowed money that must be paid back with interest. Scholarships are considered free money because there are no expectations for repayment.

What happens if you get more financial aid than you need?

Any money left over is paid to you directly for other education expenses. If you get your loan money, but then you realize that you dont need the money after all, you may cancel all or part of your loan within 120 days of receiving it and no interest or fees will be charged.

Is there such thing as too many scholarships?

Too Many Scholarships Affect Financial Aid Youre required to report any sort of outside scholarships or financial aid to your college, so your institutional aid can be adjusted ingly. Basically, the more outside scholarship money you get, the less money the school itself will give you.

Is excess scholarship money taxable?

A portion of your scholarship would also be taxable if its more than your qualifying educational expenses. The money thats left over would be considered income subject to taxation. The school must be on the IRS list of eligible educational institutions. Pell Grants are exempt from taxation.

What happens if you get too much scholarship money?

If you earned scholarships and grants that add up to more than your total cost of attendance, your school may send you a refund of the leftover scholarship money. Keep in mind, you may have to pay taxes on that amount.

Is there a limit to how many scholarships you can get?

There is no limit to the number of scholarships you can apply for, and you actually should apply to many. Scholarship awards can vary greatly, so you might apply for a few scholarships with huge awards, and you might also apply for some that are only worth a few hundred dollars.

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Delete Payment Field into the Scholarship Contract