0
10 years. However, students with large loans can get longer repayment terms.
Wiki User
∙ 17y ago
Add your answer:
Earn +20 pts
Can student credit cards be used to repay loans?
Whether or not a you can repay loans with a credit card depnds on the policies of you debtors. You can pay some student loans with a credit card, if you are in default. However private lenders are under no obligation to accept credit card payments.
What happens to a person who does not repay student loans?
Federal student loans have no statute of limitation, meaning they can collect forever. The can garnish your wages without taking you to court, take your tax refund, and sue you in court for property and bank accounts. Student loans are also almost impossible to discharge in bankruptcy. There are people now who did not repay their student loans from the 1970s who are having their social security garnished. Not paying is a very bad idea.
Does congress get intersts free loans?
An email presently in circulation states that dependents of members of congress do not have to repay student loans. Is this true?
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.
Can student loans be used for things such as an apartment or a car if it is necessary to complete the education?
Your student loans are yours. You have to repay them later, so you do what you want to with them now. Yes, they are supposed to be for help in your education, but I am raising two kids and going to school only with my student loans. The only demand by the lenders is to payoff your loans on time, otherwise you can do anything with your loan as you want.
Do student loans automatically come with filing bankruptcy?
Federal Student loans cannot be discharged in bankruptcy. You must repay them.
Can student credit cards be used to repay loans?
Whether or not a you can repay loans with a credit card depnds on the policies of you debtors. You can pay some student loans with a credit card, if you are in default. However private lenders are under no obligation to accept credit card payments.
What happens to a person who does not repay student loans?
Federal student loans have no statute of limitation, meaning they can collect forever. The can garnish your wages without taking you to court, take your tax refund, and sue you in court for property and bank accounts. Student loans are also almost impossible to discharge in bankruptcy. There are people now who did not repay their student loans from the 1970s who are having their social security garnished. Not paying is a very bad idea.
Does congress get intersts free loans?
An email presently in circulation states that dependents of members of congress do not have to repay student loans. Is this true?
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.
Can student loans be used for things such as an apartment or a car if it is necessary to complete the education?
Your student loans are yours. You have to repay them later, so you do what you want to with them now. Yes, they are supposed to be for help in your education, but I am raising two kids and going to school only with my student loans. The only demand by the lenders is to payoff your loans on time, otherwise you can do anything with your loan as you want.
Both your husband and you have student loans will you be responsible for his in a divorce?
Federally Guaranteed student loans are linked to the borrower by their social security number. Only the person listed on the loan by SS# is obligated to repay the loan, not spouses, parents, children, or anyone else.
How do most students repay their loans?
With money.
Do you still have to repay your student loan if you are unable to get employed?
In the US, you are still on the hook for the repayment of the loans, but you can apply for an unemployment deferment from your lender. With the deferment you can stop paying on your loans for up to 3 years. The interest on the unsubsidized stafford loans still accrues though.
Are you legally bound to repay student loans for your aduly child as a divorced parent?
Only if you co signed for them and the child is not repaying them. The divorce has nothing to do with your obligation or lack of obligation. Your child certainly has a moral obligation to pay for loans they took out.
How long does it take for students to typically repay their student loans?
Student loan repayments can vary depending on the amount of your loan. It also will depend on how much you plan on paying each month. The more you pay the faster it will be paid off.
How do I start paying back my student loans?
Student loans typically enter repayment after a student graduates or is no longer enrolled in a college/university program. During the repayment period, installment payments are made to repay the original loan amount with accrued interest. Most loan payments are made on a monthly basis, with full repayment over several years.
