Are student loans forgiven after so many years? I never completed or received a degree because I was misled by the school. My husband has been disabled for 10 years. Also, 2 of my 3 children are disabled. I havent been able to work because i have to take care of them. I lost my job last year. I contacted the collection agency to get out of default. They said my only option was to make 6 months of pymts. I cant afford 5 per month right now because the only income we have is 600 per month from my husbands SSI. So they took my income tax refund. I am devestated. I dont understand how they can do this on loans that old. They took 5500 from me 6 years ago. Now they took 6400. Any advice?
Depending on your repayment plan, your loans are forgiven after a period of time. However, it sounds like you're in default, so you're not making any progress to potential forgiveness.
You need to get out of default and then onto an income-driven repayment plan - which would likely see you payment be $0 per month given your low income.
Read this: https://thecollegeinvestor.com/20755/stopping-tax-offsets-due-student-loan-debt/
Then this: https://thecollegeinvestor.com/22174/student-loan-default/
Then this: https://thecollegeinvestor.com/11856/secret-student-loan-forgiveness/