Are Student Loans Forgiven After 25 Years? Unveiling the Truth.
No, student loans are not automatically forgiven after 25 years. Student loans do not get automatically forgiven after 25 years. However, there are certain repayment plans, like the Income-Driven Repayment (IDR) plans, that offer loan forgiveness after a specific period of time, typically 20 to 25 years. These plans calculate your monthly payments based on…