I heard from one of my instructors that if you went to school for the rest of your life you would never have to pay your student loans back, Is this true???
2006-08-23 08:39:07 · 4 answers · asked by VANESSA W 1 in Education & Reference ➔ Financial Aid
Technically "Student Loans" are often interest free and don't require repayment while you are at school; so if you continue at school forever, you would not have to pay them back...
...in reallity, they will not give you student loans to take school every year for the rest of your life, so unless you are getting amazing scholarships or have enough money that you don't need the loans, you won't be able to go to school indefinatly.
Bank loans and other loans are not "Student Loans" and they collect interest and cannot be put off indefinatly.
So basically, in theory yes, but practically it won't happen.
2006-08-23 08:51:35 · answer #1 · answered by Greg Hegler 2 · 0⤊ 0⤋
No-thy'll have to be paid back sometime. Are you going to take 12 credits when you're 80 ?
2006-08-23 16:31:03 · answer #2 · answered by Big Bear 7 · 0⤊ 0⤋
yeah, dont start paying till you earn over £15,000 and even then its only a tiny amount
2006-08-23 15:40:17 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Theoretically, yes. But do you really hate your kids that much?
2006-08-23 18:24:45 · answer #4 · answered by spunk113 7 · 0⤊ 0⤋