answersLogoWhite

0

In 2007, there were news reports concerning legislation to cancel old student loans. The bill was HR 2669. The reports and the actual wording of the bill do not match. The bill describes cancellation after 25 years of payments and wasn't slated to become active until 2009.

User Avatar

Wiki User

17y ago

What else can I help you with?

Related Questions

A student loan is considered default after?

In the US, a Federally Guaranteed student loan is considered default after 270 days on non-payment. If you need help with your delinquent or defaulted student loans, click on the link below.


Can you get a student loan if one of your parents is in default on their student loan?

Yes.


Can a wife get a student loan if her husbands student loan is in default?

In the US, yes you can. If you want help with the consolidation of your husband's defaulted student loans, click on the link below.


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.


Can you get a federal student Stafford loan if one of your parents has a student loan that is in default?

Yes.


What are the release dates for Default The Student Loan Documentary - 2011?

Default The Student Loan Documentary - 2011 was released on: USA: 21 October 2011


How to find out about a default on a student loan?

Call the Dept of Education help line at 1-800-4FEDAID


Will the government repossess your home for student loan default?

No, they will not.


Can your tax refund be garnished because of your wifes student loan?

In the U.S., the answer is Yes if you file jointly. I assume your wife's loans are in default. If she needs help getting out of default, contact Default Management Services.


What is the statute of limitations on a twenty year old student loan?

There is no statute of limitations for a Federally backed student loan.


How can one get out of student loan default?

The easiest way for an individual to get out of student loan default is to pay off the remaining balance of the debt in full. This would also be the quickest way to rectify the issue.


Why does a loan become callable?

A Federal student loan is considered in Default at 270 days of nonpayment.