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How long are federal student loans take before they are forgiven?
Wiki User
∙ 11y ago
I don't think they're ever forgiven. I know they're one of the special categories of debt that isn't discharged by bankruptcy.
Wiki User
∙ 11y ago
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Are student loans forgiven after age 60?
Are student loans forgiven at age 60? Are student loans forgiven at age 60?
Can you be forgiven of student loans if your school closes?
No, your student loans will not be forgiven because your school closes.
Is it true that divorced single parents are able to have their student loans forgiven and also receive extra money for child care?
The only Federal Loan Forgiveness information that I am aware of is as follows: If you die your loans are forgiven If you become perm. disabled your loans are forgiven
If you have outstanding student loans and die is the estate charged for the student loans?
Actually, that's not true - student loans are forgiven when the student dies.
Can you apply for a private student loan before you apply for a grant?
Yes, but you should find out how much Grant money and Federal student loan money you are eligible for before applying for Private student loans. Grants are free and Federal student loans are cheap. Private student loans are very expensive. Avoid them if you can.
Are federal student loans forgiven at age 65?
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.
Are student loans forgiven if you receive SSI?
No, but SSI isn't exempt from garnishment for student loans. In some instances federally funded student loans can be forgiven if the borrower becomes mentally and/or physically impaired to the point where he or she will never have sufficient ability to work and if a doctor will sign off on the disability. Edit: SSI CAN be garnished for federal student loans. This was part of the Debt Collection Improvement Act of 1996. Edited wording for total and permanent disability qualifications.
Can you file bankruptcy for your student loans and keep your house out of it?
If the student loan is a federal loan and not a private loan then the answer is no. Federal student loans can not be included in bankruptcy, you will always be responsible for repayment of FEDERAL student loans.
Do you have to repay a federal student loan?
Everyone has to repay the federal student loans. However some people are eligible, dependent on the job that they get after graduation, to have loan forgiveness for a portion of their loan. In that case they will only have to repay the portion of the loan that is not forgiven.
If a student dies are the Stafford debts forgiven or passed on to the family?
If in case of death or total and permanent disability of the student Stafford Loans are completely forgiven.
Does a cosigner have to replay a federal student loan if the student dies?
Federal student loans do not currently have cosigners. Parents who take out federal PLUS loans for their kids often think they are a cosigner, when they are actually the sole borrower. All federal student loans are discharged if the student dies.
Can you consolidate Private student loans into federal student loans?
no. you will have to consolidate separately. with a federal lender then a private lender.
