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Silent Type

(12,318 posts)

3. Then, after making payments for 20 or 25 years on time, any balance will be forgiven. And,

Reply to applegrove (Reply #2)

Sat Apr 26, 2025, 11:20 PM

Apr 2025

there are even provisions to allow for unemployment, hardships, etc., that affect timeliness.

I’m not saying that’s ideal, but it’s a pretty good deal under current laws. But not all loans qualify.

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"This is why the student loan bubble is about to burst. I feel bad for this woman--but she freaking nails it". 🔥 [View all] applegrove Apr 2025 OP

If eligible, she needs to apply for income-driven repayment. It is, unfortunately, the best option available. Silent Type Apr 2025 #1

I think she has been on that plan for years. applegrove Apr 2025 #2

Then, after making payments for 20 or 25 years on time, any balance will be forgiven. And, Silent Type Apr 2025 #3

Oh I was not familiar with those details. I'm in Canada applegrove Apr 2025 #4

Just wondering if she read the terms when she borrowed the money bottomofthehill Apr 2025 #5