If by "expunge" you mean remove it from a credit report, then you pay the debt owed or wait until it drops off the report after the required 7 years (not applicable if a judgment is in place). If what is meant is have a student loan debt forgiven or cancelled that is only possible in extreme cases where the debtor has been deemed either mentally and/or physically disabled to the point where he or she will never have enough income to repay the loan.
A great program that started this past July 1 is the income based repayment plan. If you consolidate your loans, you can opt in for this repayment program. Your payment can be as low as $0 a month, based on income and # of dependants. You also have the balance forgiven after 25 years of repayment, even if you have hardly paid any of it.
If you want help with the consolidation of your loans, click on the link below.
to clean one of them you need your passport and your id.\
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Parent Loan: A parent is getting the loan Student loan: A student is getting the loan
There are many places to research student loan settlement. You can look at various places on the web or at many banks. Looking for loan settlements can be difficult start by checking www.wellsfargo.com/student
what is a student loan grant?
what is a student loan grant?
What is a "Standard" student loan?
Yes.
Yes.
PLEASE PLEASE PLEASE...there must be a way to expunge a student loan that has added up to be $100,000's due to interests. it is truthfully impossible and extremely overwhelming for someone who lives pay-check-to-pay-check and struggling to even imagine this loan can be paid up. is there any attorney out there who can promise a positive outcome to such situation? cg
Student Loan Forgiveness is when a student can't pay a loan that he owes and so the government has money to pay for that loan if he/she is unable to make the payments on it.
If you have a good enough income to qualify since the student loan is considered your loan.
Student loan rates vary by the type of student loan, but can be either fixed or variable rate. Most federal student loans are fixed at 6.8% Private student loan rates are typically higher.
Student loan bankruptcy happens when a student has not been a student for the last 7 years and declares bankruptcy. For more information please contact a student loan office.