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  1. Matt Derrick

    If you purchase land with student loan money will they be able to take the property from you?

    I'm in the same boat and the answer to that seems to be doing either a land trust or incorporating land under a business or co-op.
  2. Matt Derrick

    If you purchase land with student loan money will they be able to take the property from you?

    yes, but assuming you didn't incorporate the land somehow, it still falls under seize-able assets in the event they come after you.
  3. Matt Derrick

    If you purchase land with student loan money will they be able to take the property from you?

    just for reference, i have a ton of credit card debt and student loans that i defaulted on nearly ten years ago. i haven't had any garnishment of wages whatsoever and i don't even get phone calls about it anymore. i think it helps that i never make more than 10k a year, which puts me well below...