how can i get out of paying old school loans?

Answer 1

There are a few ways to get out of paying your loans (for example, you can die and the loans are forgiven)


Here's the list of reasons you can get your loans forgiven. Beyond that, they never go away (as opposed to other debts like credit card etc...)

The school closed within 90 days of your enrollment and they were unable to finish their program of study.
The school did not properly qualify your status before they began studies.
You did not receive a refund that was due to you.
Your signature was forged.
The school did not properly evaluate your ability to benefit from the coursework before beginning studies.
You become totally and permanently disabled.
If you or the dependent for whom the loan was borrowed, dies
Your loan is discharged due to bankruptcy. (Typically, student loans cannot be discharged in a bankruptcy.) Consult your legal counsel regarding your particular situation.

Answer 2

Well, declaring bankruptcy probably won't work:

"Should You Declare Bankruptcy?

Faced with enormous credit card debt, many students choose to declare bankruptcy. However, according to Charnes, bankruptcy has several serious effects:

It goes on your credit rating for up to seven years, making it difficult to obtain new credit (and credit cards). This means you have to pay cash for everything, even airline tickets.
You will have problems passing a credit check – for an apartment, rental car or even a job
It’s a turn-off to potential employers. "Many employers are not interested in hiring someone who cannot handle [their] own money," Charnes says.
Also, declaring bankruptcy does not wipe out student loans. Student loans are generally only discharged if the date of bankruptcy is more than 10 years after studies have ceased."


However, I suppose that, if you have credit cards with enough coverage for the student loan debt and if you then paid off the student loan by using the cards, then you could make the minimum payments on the cards for a year or so and THEN declare bankruptcy.
You'd still suffer the ill effects of declaring bankruptcy as mentioned above, but your student loans would be no more.

Answer 3

The only way I know of is working in a certian area. For example, if you go into education, and you teach in a poverty area. Or if you become a doctor, you practice in a poverty area. (Has to be outlined by the lender).
Other than that, your student loans will never go away. Even if you refuse to pay them and let it ruin your credit, they will sue you and withhold your income tax returns.

Answer 4

File BK and ask the atty to make sure they are filed as charged off as well.

Become Totally Disabled and they with proof dismiss the loans.

Die and let them take it from the Estate

Answer 5

just get a second job to pay for it

Answer 6

Peace Corps
Bankruptcy but only if you never intend to go back

Answer 7

be a teacher, doctor, lawyer, nurse in urban area, impoverished, or reservation area!! they will be 4given after each year til they are all gone!!!!

Answer 8

die.
but then again after checking - nope - you would still owe.
good luck