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No. You pay for them until they are paid or you are dead.
Wiki User
∙ 12y ago
Federal student loans are not automatically forgiven at age 65. However, for certain federal student loan programs and repayment plans, any remaining balance on the loan may be forgiven after a certain number of years of qualifying payments or through programs like Public Service Loan Forgiveness. It's important to check the specific terms of your loan and consult with your loan servicer or a financial advisor for more information.
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Can you be denied a Federal loan based on age?
No, federal loans do not have age restrictions, so you cannot be denied a federal loan based solely on your age. Eligibility for federal student loans is based on factors such as financial need and enrollment in an eligible program.
Are student loans forgivinen at age 65?
In general, student loans are not automatically forgiven at age 65. However, there are some loan forgiveness programs, such as the Public Service Loan Forgiveness program, that may forgive remaining loan balances after a certain number of qualifying payments. It's important to research and understand the specific requirements of any forgiveness program you may be eligible for.
Who is the federal health insurance provided to people age 65 and over is called?
The federal health insurance provided to people age 65 and over is called Medicare.
What age are you a mature student?
A mature student is typically considered to be someone who is at least 25 years old and returning to education after a period of time away from formal education. However, the definition of a mature student can vary depending on the institution or country.
What age must a federal worker retire?
Federal workers under the Federal Employees Retirement System (FERS) can retire with a full pension starting at age 62 or older with at least five years of service. There are also retirement options available for those with 20 years of service at age 60, or those with 30 years of service at their minimum retirement age (which varies based on birth year).
Are student loans forgiven after age 60?
Are student loans forgiven at age 60? Are student loans forgiven at age 60?
Is it possible to get a student loan if you are under 18 with a cosigner and if so where?
Minimum age for federal student loans is 16. Federal loans don't require a co-signer.
What is the legal age to apply for a student loan?
The age requirements for private loans and federal loans differ. Many private lenders require that a student be at least 18 years old to apply for a student loan. However, this is not a legal requirement. The minimum age to apply for federal aid is 16.
What student loans are available if your student is not 18?
All Federal Student Aid is available to any college student age 16 and older. This includes Federal Student Loans such as the Stafford and Perkins Loans. You can also take out a parent loan, otherwise known as a PLUS loan, which will be loaned to the parent to help pay for their child's education.
Is your student loan forgiven after 25 years?
If a person files for personal bankrutsy they can try to include students loans. If the loans are from the federal government.....they are much more difficult to dimiss in bankruptsy court (most often they are not). Federal student loans will not be removed from your credit report (unless you were lucky and wiped them out in bankruptsy court) they will stay there until paid. The federal government will garnish wages, take your tax returns, freeze your bank accounts and even garnish your social security check when you retire until all loans are paid in full. Other loans through non federal agencies will be forgiven.....eventually.
Can student loan be canceled after you reach a certain age?
Under certain circumstances a loan may be forgiven by the lender, but age has nothing to do with it.
You are 36 and have just completed a chapter 7 bankruptcy are you eligible for student financial aid in form of grants and loans?
Neither your age nor your recent bk would disqualify you from federal financial aid.
Are there any student scholarships available for minority students?
Scholarships are offered by private entities: companies, organizations, etc. You can investigate scholarship opportunities at various websites, including http://scholarshipamerica.org Federal student aid requires that you complete the Free Application for Federal Student Aid (FAFSA) at www.fafsa.ed.gov Federal student aid (grants, loans, work-study) is awarded based solely on need. There is no consideration for age, creed, race, gender, marital status, etc.
What age can a person stop paying on student loans?
There is no age taken into account. If an individual owes money on a student loan, they must continue to pay until the loan amount has been satisfied.
Can a 21-year-old apply for their own student loans if their parent refuses to disclose their income?
Yes, a person of such age is considered a legal adult in all U.S. states and therefore can enter into legal contracts such as student loans.
Are student loans forgivinen at age 65?
In general, student loans are not automatically forgiven at age 65. However, there are some loan forgiveness programs, such as the Public Service Loan Forgiveness program, that may forgive remaining loan balances after a certain number of qualifying payments. It's important to research and understand the specific requirements of any forgiveness program you may be eligible for.
How long do you pay for college after 21?
It typically does not depend on age. However, most students will spend 10 years paying back student loans. Undergraduate students will normally begin paying back student loans 6 months after they graduate.
