Though there is no time-limit for student borrowers to pay their student loans, it is however has created more problems to many.  There are no studies on average years are required to pay the loans.  However, according to the fed law, the loans will be forgiven around 20 years.

Plus and minus the standard deviation, the average student loan (undergrad) borrowers have to labored about 20 years to repay their loans.  If a person graduate from a college at the age of 22, then she or he will finish repaying the loans at around 42 years old.

The important question is this:  will it be good strategies for all the borrowers to pay the minimum amount and wait until the loans mature in 20 years when it got forgiven? May be or may be not because the forgiven amount is subject to income tax!

Happy Labor Day!