Do federal student loans expire after 25 years?

+1 vote
asked Mar 16, 2018 in Financial Aid by Formertou (230 points)
Do federal student loans expire after 25 years?

1 Answer

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answered Mar 17, 2018 by Minty (132,850 points)
The federal student loan doesn't expire after 25 years or any amount of years.

But as long as the person who borrowed the money for the student loan is on the income based repayment program and are making payments to the loan then after 25 years the remaining money owed on the debt will be forgiven.

You have to be making payments during that time though for the debt to be eventually forgiven after 25 years.

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