Do Student Loans Go Away After 7 Years?

Do Student Loans Go Away After 7 Years?

The national average for student loan debt is over $37,000. If you’re among the 44.7 million Americans with student loans, you’re probably looking for ways to get rid of that debt as quickly as possible. You may have heard that student loans are automatically forgiven after seven years, but is that really true?

The answer is both yes and no. If you’re struggling to make your student loan payments, there are options available to you. But if you’re able to make your payments on time, you may not be able to get rid of your loans as quickly as you’d like.

If you’re having trouble making your student loan payments, there are a few options available to you. You can contact your loan servicer to discuss your options. You may be able to consolidate your loans or enroll in an income-driven repayment plan. These options can help you lower your monthly payments, but they will also extend the length of your loan and increase the