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  1. #1
    Join Date
    Sep 2016
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    Default Can Student Loans be Forgiven Based on Their Age

    Is there a point at which a student loan borrower can get their loans forgiven due to the age of the loans? If you're still repaying your loans after twenty years, is there a time when enough is enough?

  2. #2
    Join Date
    Sep 2005
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    Default Re: Can Student Loans be Forgiven Based on Their Age

    If the loans are not federally guaranteed, and a state statute of limitations applies, then there would be a date following default after which no action could be taken through the courts to enforce the loans.

    But if the loans are being actively repaid, the state does not have a statute of limitations that would apply to the loans, or the state statute of limitations is preempted by federal law, then there is no such date -- absent qualification for some sort of loan forgiveness program, the borrower is expected to pay back the loans.

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