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No. You have to pay them back.
Answer2
It's a statute not a statue. A statute is a law, a statue is a piece of sculpture.
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What is the statute of limitations on private student loans in Florida?
what is the statute of limitation on private student loans in florida
Are they a statute of limitation on student loans in South Carolina?
Student loans are a Federal guaranteed loan. There is no statute of limitations for them.
Can you get a student loan default off credit?
Actually, the default will stay on your credit indefinately until you get out of default. Student loan default on Federally Guaranteed student loans has no statute of limitation. If you consolidate your defaulted student loans, they will show up as Paid In Full on your credit report. You can get help with the consolidation of your student loans through www.defaultms.com Any default is going to stick around for about 7 years.
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.
What is the statute of limitations on having to pay a bank Back for a student loan?
Most student loans have no statute of limitations, even if issued by a bank.
What is the Texas statute of limitations on private student loans?
4 years
What is the statute of limitations in Texas on private student loans?
4 years
Does a student loan have a statute of limitations after 7 years in New York?
Federal student loans do not have a statute of limitations. If it is a personal loan, it may have one.
What is the statute of limitations for unpaid internet payday loans in the state of Ohio?
Payday loans are based on a written agreement or promissary note. In Ohio the statute of limitations is fifteen years.
Statute of limitation for contesting a will in North Carolina?
What is the Statute of limitation for contesting a will in North Carolina?
Is there a statute of limitation in the state of Nevada for home loans?
This will be a written agreement as it involves real property. In Nevada it will be six years from the last acknowledgement.
What is the Statute of limitations on a contract with the federal government?
With Federally Guaranteed Student Loans, there is no statute of limitations unless you enroll in the Income Based Repayment program. This repayment program started July 1, 2009 and sets up a limitation for program participants of 25 years. After 25 years, the balance remaining is forgiven. If your loans are in default and you need help getting out of default, click on my profile, StudentLoaner, below.
