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re: At least half of students defaulted or failed to pay down debt within 7 years
Posted on 2/22/17 at 12:22 pm to rocket31
Posted on 2/22/17 at 12:22 pm to rocket31
quote:
Always wondered how the statue of limitations worked for the defaulters - after 7 years is all forgiven?
Negative. The only way it's forgiven is if you die, or are permanently disabled. Even worse if the student dies and you cosign, you're still on the hook for his debt.
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