- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Does student loan debt go away after 20 years?
Posted on 9/20/16 at 6:16 am to ATL-TIGER-732
Posted on 9/20/16 at 6:16 am to ATL-TIGER-732
Correct. Even death does not forgive student loans.
1
Posted on 9/20/16 at 6:20 am to zacata88
Nope. My wife still has debt from the early/mid-90s. Every year they take all of our $ from our tax refund and use it towards that debt. For the past couple of years I've filed a "injured spouse" claim but even so, I've only got back half of what I should've gotten.
Posted on 9/20/16 at 6:35 am to zacata88
Mine disappeared in less than 6 yrs when I paid the last payment.
Posted on 9/20/16 at 6:39 am to The Tyger
quote:
mid-90s. Every year they take all of our $ from our tax refund and use it towards that debt. For the past couple of years I've filed a "injured spouse" claim but even so, I've only got back half of what I should've gotte
What did she get a degree in that has taken 25 years and counting? Apparently if you are getting a refund on your tax return it wasn't worth it.
Posted on 9/20/16 at 7:34 am to zacata88
Student Loan Debt does go away after 20 years...
...if you're on a 20-year payment plan and have taken care of the throat-fricking that is variable interest rates
...if you're on a 20-year payment plan and have taken care of the throat-fricking that is variable interest rates
Posted on 9/20/16 at 8:33 am to zacata88
That was the case about 40 years ago. Not anymore.
Posted on 9/20/16 at 8:42 am to tigerbutt
Your sister needs to find herself another boyfriend.
Posted on 9/20/16 at 8:44 am to tipup
But But Facebook told me Obama signed a student loan law forgiving everyone!! /sarcasm
Posted on 9/20/16 at 8:55 am to zacata88
Posted on 9/20/16 at 9:00 am to zacata88
That's because had anyone paid the interest on 150k for 20 years, they would have paid well over the full balance. So at year 20 when you paid your minimum payment, you have forked over 125k towards your debt and 100k in interest but you feel good because they forgave the last 25k.
Yes, I know my math is BS, but this is the OT; just roll with it.
Yes, I know my math is BS, but this is the OT; just roll with it.
Posted on 9/20/16 at 9:02 am to zacata88
Sounds like somebody is wanting something for nothing and shite just handed to him for free because he feels entitled to it.
Posted on 9/20/16 at 9:14 am to KarlMalonesFlipPhone
quote:
If he's on an income based repayment plan then you can be forgiven after 20 or 25 years depending on the plan
This, but don't forget - the amount forgiven WILL be taxed as income. So he might be looking at a $50K+ tax bill in 20 years so save for that.
Posted on 9/20/16 at 9:24 am to LSUTigersVCURams
If he made 25k that year +50k would essentially result in around 13k in federal taxes owed and he would realize that he is middle class for that year hahaha.
Posted on 9/20/16 at 9:33 am to 50_Tiger
10 years if you work in civil service 
Posted on 9/20/16 at 9:42 am to zacata88
I'm on an income-based repayment for my FEDERAL loans. I pay based on how much I owe relative to my income. After 20 years (or it might be 30 years) of being on this plan, whatever loans are left will be discharged.
However, for my private loans, I have to pay back in full with no special payment plan.
However, for my private loans, I have to pay back in full with no special payment plan.
Posted on 9/20/16 at 9:46 am to zacata88
This post is what's wrong with America, no personal responsbility anymore.
Posted on 9/20/16 at 9:49 am to zacata88
Tell your sister to find herself a real man.
Posted on 9/20/16 at 11:04 am to jeffsdad
quote:
Correct. Even death does not forgive student loans.
Incorrect for Federal Loans
quote:
Death Discharge
If you, the borrower, die, then your federal student loans will be discharged. If you are a parent PLUS loan borrower, then the loan may be discharged if you die, or if the student on whose behalf you obtained the loan dies.
The loan will be discharged if a family member or other representative provides a certified copy of the death certificate to the school (for a Federal Perkins Loan) or to the loan servicer (for a Direct Loan or FFEL Program loan).
There are also other ways it is forgiven or discharged.
LINK
Posted on 9/20/16 at 11:06 am to zacata88
You need to just start praying that your sister doesnt get knocked up by this guy
and pray for 'merica too baw
and pray for 'merica too baw
Posted on 9/20/16 at 12:12 pm to upgrayedd
quote:this
Maybe you should consider the source of the information - the same dumbass that spent 150k to learn how to draw
Page 3 of 4
Popular
Back to top
Follow TigerDroppings for LSU Football News