What Student Loans are Not Eligible for Student Loan Forgiveness?

The student loan forgiveness program will benefit millions of Americans as a repayment plan can last decades, even into retirement.

However, the program faced several legal challenges from Republican officials since it was called “unconstitutional.” After all, here are some updates on student loan forgiveness for you.

Is there anyway to get your student loans forgiven? Public Service Loan Forgiveness (PSLF) program will erase your remaining loan balance after making 120 qualified payments.

What student loans are not eligible for forgiveness? The student loan forgiveness plan is dedicated to federal student loan borrowers. Therefore, private student loans are not eligible to be forgiven.

Are student loans canceled after 20 years? Any outstanding balance of your loan will be written off if you haven’t fully...

...repaid it after 20 years (for undergraduate study) or 25 years (for graduate or professional study).

Are student loans forgiven after 65? The federal government doesn’t forgive student loans at any age.

Moreover, the government will draw Social Security benefits to repay your student loan.

Can student loans keep you from buying a house? No, student loans won’t affect your ability to get a mortgage.

You can even get auto loans and credit card debt while having student loans.