The Student Loan People also known as the Kentucky Higher Education Student Loan Corporation, is an "independent municipal corporation" created by the Kentucky legislature.
I have money that I want to use to pay my student loans, but a condition on the money is that it "may not in any case be used to pay or reimburse any amount to the federal or state governments or any subdivision thereof."
Help!
Are the student loan people a "federal or state government or any subdivision thereof"?
Loans in the FFEL are from a bank or other private lender in the Federally sponsored program. Loans from the William D. Ford "direct loan" program are directly from the government.
Reply:I don't know how this is structured, but it's name tells me that it is a "Corporation" and is "independent", created to do exactly what you need; Ask them; they will know.
Reply:Yes, this is a state organization created by the legislature. It sounds like this money can not be used to pay off federal or any state debts. Bummer. Go buy a car.
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