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tapir · 09-26-2008, 12:03 PM

Current year staffords are from National City bank, which looks to be on its last legs. In the event that it should fail, would the spring disbursement be made by either the FDIC or whichever bank takes over, or will this result in a big problem for me?

Doctor Bagel · 09-26-2008, 12:15 PM

Quote:

Originally Posted by tapir

Current year staffords are from National City bank, which looks to be on its last legs. In the event that it should fail, would the spring disbursement be made by either the FDIC or whichever bank takes over, or will this result in a big problem for me?

That's a good question. I would suspect that whoever takes over will take over the loan because the loan for spring semester is already approved and locked in.

tapir · 09-26-2008, 12:25 PM

That's my guess too - I guess I won't worry too seriously unless it happens, and will assume that the university would provide some kind of safety net.

09-26-2008, 12:03 PM	#1
tapir Member Status: Veterinary Student Join Date: Jan 2007 Posts: 96	What happens if my current-year lender FAILS before spring sem. disbursement? SDN Members don't see this ad. Current year staffords are from National City bank, which looks to be on its last legs. In the event that it should fail, would the spring disbursement be made by either the FDIC or whichever bank takes over, or will this result in a big problem for me?

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09-26-2008, 12:25 PM	#3
tapir Member Status: Veterinary Student Join Date: Jan 2007 Posts: 96	That's my guess too - I guess I won't worry too seriously unless it happens, and will assume that the university would provide some kind of safety net.