Question: Are you a senior citizen and still owe on your college student loans?

(Posted by: sophieb on 2008-02-04 18:33:21)

Or do you know a senior who still owes on their student loans? I understand some people will be paying until they are 200 peapie, the government allows collectors to collect from people on SS, SS disability and SSI now.

Posted by: ahsoasho2u2 on 2008-02-04, 20:57:27

Yep ya talking about me? Been paying for ever and be paying for ever. Wife sick and forbearance's last 5 years on again off again hahaha still got to get that interest to write off taxes.

Posted by: hwy101 on 2008-02-04, 18:53:35

I'll be selling my body to science to pay mine off.

Posted by: Peapie on 2008-02-04, 18:57:17

No, I can't imagine someone owing on a student loan at retirement age as the federal loans were only for 10= 15 years. And yes you could get forbearance but they would make sure to get it from you before you retire or take your boat, house or car. Actually I borrowed 17,000. and when I became disabled I called them and told them I could no longer pay the same payment and since I had already paid 25,000 dollars with interest, they forgave the 9,000 I still owed.So many people just let those loans go for so loang that the govt. came in and started taking boats, houses etc. to stop it and it worked. As long as they make some interest I think they were satisfied. Mine was so high because I had to take two forebarances and each one cost 5,000.

Posted by: a-mazed on 2008-02-04, 20:10:44

As I returned to school, after my kids were grown (90's), I paid off my loans just before reaching the ranks of Sr Citizen , , ,

Posted by: devilwithbleudress on 2008-02-04, 21:14:41

I know someone who is in their 50's and just gonna get garnishment from their paycheck to pay for about $20,000 + in student loans. This person doesn't own a thing, but retirement money (which isn't half of what is owed) and an old car.

Posted by: cowboydoc on 2008-02-05, 01:46:22

I paid mine off, One University and one college, one tech school. My oldest daughter is fifty two and is still paying on hers.

Posted by: mister ed on 2008-02-05, 04:39:06

All i a can say if a person was in that shape he/ she sure did not use the college education to the fullest if they work for that bad of a job or was such a poor money manager!!!

Posted by: Ankleboots on 2008-02-05, 06:18:28

No im certainly not, im 53, ive 7yrs to go before im a OAP, and i finished my education at 18, i owe nothing, on that score. our financial government body is DSS [Department of S ocial Security.]. But i would like to do another qualification though, what ??

Posted by: missingora on 2008-02-05, 07:27:09

I am one of the lucky ones. My sweet daddy paid every penny of my college education and it has served me well all these years.

Posted by: slk29406 on 2008-02-05, 10:31:44

If you did not pay your student loan, they took your income tax refund to pay it off..