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Federal loans have income-based and income-contingent repayment. Payments can be as low as $0 depending on your income. The unpaid portion can be forgiven after a certain period of time in repayment. Private lonas: you're screwed.
Wiki User
∙ 16y ago
Wiki User
∙ 13y agoYou can defer the payments. Or there is forbearance if you have certain circumstances. You should call the company dealing with your student loans and let them know your situation. They are usually willing to work with you or make suggestions.
Wiki User
∙ 16y agoYou only have to pay it once you start earning £15K a year, if that doesn't happen after 25 years then you don't have to pay it back... I think.
Wiki User
∙ 9y agoIf you cannot afford to pay back your student loans, you can communicate with your lenders to defer your loan.
Wiki User
∙ 9y agoThen you will get cut off or you are ineligible for any other financial service.
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How does student loan forgiveness work?
Student loan forgiveness is forgiven if one doesn't have any money at all to pay of the loans. This doesn't happen often but some companies forgive the loans when it is proven in court that one cant pay the loan.
What is student loan forgiveness?
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.
Can you get a student loan if you are under eighteen?
no because you have to be 18 and up to get a student loan and you only get a student loan when your in collage so when you get in collage ask about the student loan you also have to pay for the collage and they pay you as you go in and through out the year so i hope this help you
Who should get a debt consolidation loan?
Federal Student Loan Consolidation Program means combine all loan into a single pay. :Loan consolidation is the best for the student who not able to pay your fees. If any student want to continue their study and they want to take admission in top college for higher education but good college take high fee. But some time all student unable to pay your college fee then they take student loan. But after completion of education they are facing problem with pay your student loan then they require loan forgiveness or consolidation. Federal student loan consolidation is the best option to pay your all loan into single pay
Student loan after bankruptcy?
You pay it.
Can you get a student loan forgiven if you can't pay?
no
What can you use your student loan for?
pay for collage
What to do if reached student loan limit and still have to pay for college?
If a student reaches their aggregate loan limit, they must pay down their loan first in order to be eligible for additional financial aid. Otherwise, the student will need to pay the remaining cost of school with cash out of pocket or take out a private loan.
How can I have my student loan forgiven?
One can have a student loan forgiven if one has no money at all to pay or if one joins a program called student loan which basically pays every penny of ones loan.
Who pays student loan?
Students must pay the loan. As for how, the best way to start off is to get a job or any form of service that will help you pay it off. It's best to know what you can and can't pay so that you will be ready to pay off the student loan.
Can you pay on student loan while still in school?
no
Does deceased student's estate pay student loan?
If the student dies, the loan dies with him/her. It's all in the fine print of the Master Promissory Note.
