Fed Financial

If Citibank goes belly up?

Will I still have to repay my student loan or am I off the hook?

Public Comments

1. no you still gotta pay someone.
2. Ha. Banks don't go "belly up." They get bought. So you'll just owe whoever buys Citi.
3. yup, you still gotta pay :[
4. they are not going anywhere yes the arabs are investing but only a small portion relax and pay your dues
5. I'm sure you will have to pay your student loan, they will just sell the loan to another company
6. Why? Do you know something? They would sell all their contracts to someone else before losing the money.
7. Some one will buy them out, so you will still have to repay your loan.
8. Citibank will sell themselves to another bank rather than just going belly up so your account will be sold to some other bank that might up your interest rates. just make sure you read everything you get in the mail very carefully.
9. You own that money to the Federal Government and they will hound you to your grave if you don't repay it. If you don't send the money to the bank, the deduct it from your income tax. Citibank is just the administrative or dispensing agency, they get the student money from the U.S. treasury.
10. Yes, I think that repayment of the loans is still required.
11. Nice thought--but you Will not be let off the hook.