By law can I only pay off the principle of the debt?
Answer:
no I think you have to pay the interest on the loan the same as we all do
Yes, it can stay forever unless it is discharged by bankruptcy which is much harder to do under the newer laws
Answer NO. you owe it and it owns you like a slave.
Get smart work 2 jobs pay it off and get it out of your life like a drunk crack head ex.
Business open to get reasonable amount of return. so you owed it and obgligated to paid it in full.It is a moral thing to do. You could ask for a settlement in writting, and with their mercy they may let you settle.
my suggestion after paid it off. never come back to the road again. you see how hard to get out of a hole. don't get in a deeper hole
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