“I believe after 20 years the loan is considered paid up, even if a balance is owed.”
No. Student debt goes on forever, unless repaid.
According to studentaid.gov, “25-year forgiveness—If you repay under IBR and meet certain other requirements, any remaining balance will be forgiven after 25 years of qualifying repayment.”
And student loans can’t be discharged in bankruptcy.
I’m surprised Barry hasn’t ordered the Senate to change the BR law, as Henry VIII had Parliament do a `hurry-up’ change of the law against beheading crazy women so he could lop off Lady Rochford’s melon.
Maybe King Barry could just issue a royal Decree absolving the debt ... who ever thunk we would be living under a crypto-royal tyranny?
“No. Student debt goes on forever, unless repaid.”
THAT will be the topic of NEXT WEEK’s Executive Order.