I heard that if you've not paid your student loan back by the age of 55, the SLC write them off. Is this true?
Answer:
Sorry, I don't know wich country you are from. In the UK, your student loan is written off after 50 years.
I have heard that if you put your tooth under your pillow that a tiny winged being will leave you cash.
No-never heard it but they will collect when they find you.
They will come after you and garnish your wages long before you turn 55. You got the benefit of the education, now pay the dept.
I'm not sure about paying it off by age 55.. but I know that the loan is payed off if you become handicapped. and cannot work..
"O" Wise One... knows
Do not rely on hearsay. Read your contact that you signed for the real informat ion.
Doubtful, but a wonderful fantasy - but what's-her-name is write, we gotta pay the piper.
NOPE, I actually heard of a man who's social security (of a whopping $500 per month) was being garnished for student loans.
Yes, it's true but actually the age is 50. In my case I'm still paying as I have a 3 month period where I wasn't eligible for deferred payments but once I've paid THAT off then the rest of the loan will be written off. I wish I'd been able to find a good full time paid job within the 10 years and paid it off myself but as you know, that's not always possible. So let's hope you can be more fortunate than I and good luck.
Why would you be interested in a loan so huge you would still be apying for it at 55? In that case forget collega and get a job. You might earn less but at least you have no debts and perhaps more to spend than having a great wages but having to pay loans and thus having less to spend. Unless you are 50 years old right now and gtoing to college.
i seem to remember at the university open day i went to with my daughter this summer that they said something about once you hit 70ish there is no point coming after you.
Just pay the money! People like you stop others benefiting in future.
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