Is a TERI loan a federal loan?

IN THIS ARTICLE: Unlike federal student loans, TERI loans are privately backed. Student lenders offer settlements reluctantly.

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Subsequently, do student loans ever expire?

Student loans don’t go away after 7 years. There is no program for loan forgiveness or loan cancellation after 7 years. However, if it’s been more than 7.5 years since you made a payment on your student loan debt and you default, the debt and the missed payments can be removed from your credit report.

Similarly, do student loans have statute of limitations? Federal student loans have no statute of limitations, but private loans do, with lengths varying from state to state. When collecting a debt, a statute of limitations refers to how long a creditor has to sue for repayment.

Similarly one may ask, what are Teri loans?

TERI Loan means an education loan made to a student or parent of a dependent student that is fully guaranteed as to non-payment of principal and interest by TERI.

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