<html xmlns:v="urn:schemas-microsoft-com:vml" xmlns:o="urn:schemas-microsoft-com:office:office" xmlns:w="urn:schemas-microsoft-com:office:word" xmlns:m="http://schemas.microsoft.com/office/2004/12/omml" xmlns="http://www.w3.org/TR/REC-html40"><head><meta http-equiv=Content-Type content="text/html; charset=us-ascii"><meta name=Generator content="Microsoft Word 14 (filtered medium)"><!--[if !mso]><style>v\:* {behavior:url(#default#VML);}
o\:* {behavior:url(#default#VML);}
w\:* {behavior:url(#default#VML);}
.shape {behavior:url(#default#VML);}
</style><![endif]--><style><!--
/* Font Definitions */
@font-face
{font-family:"Cambria Math";
panose-1:2 4 5 3 5 4 6 3 2 4;}
@font-face
{font-family:Calibri;
panose-1:2 15 5 2 2 2 4 3 2 4;}
@font-face
{font-family:Tahoma;
panose-1:2 11 6 4 3 5 4 4 2 4;}
@font-face
{font-family:"Century Gothic";
panose-1:2 11 5 2 2 2 2 2 2 4;}
@font-face
{font-family:"Rage Italic";
panose-1:3 7 5 2 4 5 7 7 3 4;}
/* Style Definitions */
p.MsoNormal, li.MsoNormal, div.MsoNormal
{margin:0in;
margin-bottom:.0001pt;
font-size:12.0pt;
font-family:"Times New Roman","serif";}
a:link, span.MsoHyperlink
{mso-style-priority:99;
color:blue;
text-decoration:underline;}
a:visited, span.MsoHyperlinkFollowed
{mso-style-priority:99;
color:purple;
text-decoration:underline;}
p.MsoAcetate, li.MsoAcetate, div.MsoAcetate
{mso-style-priority:99;
mso-style-link:"Balloon Text Char";
margin:0in;
margin-bottom:.0001pt;
font-size:8.0pt;
font-family:"Tahoma","sans-serif";}
span.EmailStyle17
{mso-style-type:personal-compose;
font-family:"Arial","sans-serif";
color:black;}
span.BalloonTextChar
{mso-style-name:"Balloon Text Char";
mso-style-priority:99;
mso-style-link:"Balloon Text";
font-family:"Tahoma","sans-serif";}
.MsoChpDefault
{mso-style-type:export-only;
font-family:"Calibri","sans-serif";}
@page WordSection1
{size:8.5in 11.0in;
margin:1.0in 1.0in 1.0in 1.0in;}
div.WordSection1
{page:WordSection1;}
--></style><!--[if gte mso 9]><xml>
<o:shapedefaults v:ext="edit" spidmax="1026" />
</xml><![endif]--><!--[if gte mso 9]><xml>
<o:shapelayout v:ext="edit">
<o:idmap v:ext="edit" data="1" />
</o:shapelayout></xml><![endif]--></head><body bgcolor=white background="cid:image001.jpg@01CCB0F5.52BF0BF0" lang=EN-US link=blue vlink=purple><img src="cid:image001.jpg@01CCB0F5.52BF0BF0" v:src="cid:image001.jpg@01CCB0F5.52BF0BF0" v:shapes="_x0000_Mail" width=0 height=0 class=shape style='display:none;width:0;height:0'><div class=WordSection1><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Arial","sans-serif";color:black'>Those infamous “They” and “S(he)” are at work again! <o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Arial","sans-serif";color:black'>So before ‘they’ and ‘she’ or ‘he’ get out of hand, here is the scenario.<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Arial","sans-serif";color:black'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Arial","sans-serif";color:black'>‘They’ said that when I (the student) become 65 years old I (the student) will not have to repay my student loans because I will be retired”<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Arial","sans-serif";color:black'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Arial","sans-serif";color:black'>Well, I hate to burst someone’s bubble and possible future plans but unfortunately as it stands right now, the “They’s” have it incorrect. Though there are some provisions specific to the programs that will forgive some of the loans, such as working in certain fields, locations, etc… age and retirement are not a factor. <o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Arial","sans-serif";color:black'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Arial","sans-serif";color:black'>Regardless of how old a person is or how young, for that matter, there are only 2 ways of getting out of repaying federal student loans;<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Arial","sans-serif";color:black'>To be declared <u>Permanently </u>Disabled <o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Arial","sans-serif";color:black'>Or one dies<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Arial","sans-serif";color:black'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Arial","sans-serif";color:black'>Neither one is really a good option to take. So, for those out there that may think when one retires at 65 the federal loans will ‘retire’ with them – don’t think so. Federal loans do not go away with bankruptcy either. And the IRS will garnish refunds and wages. <o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Arial","sans-serif";color:black'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Arial","sans-serif";color:black'>As an aside, the same applies for state loans. The state can and do garnish wages if one works for a state agency. <o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Arial","sans-serif";color:black'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Arial","sans-serif";color:black'><o:p> </o:p></span></p><div><p class=MsoNormal><span style='font-size:18.0pt;font-family:"Rage Italic";color:#365F91'>Maria del C. Ramos<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:9.0pt;font-family:"Century Gothic","sans-serif";color:#0D0D0D'>Director, Office of Financial Aid and Scholarships<br>Texas A&M University-Commerce<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:9.0pt;font-family:"Century Gothic","sans-serif";color:#0D0D0D'>PO Box 3011</span><span style='font-size:10.0pt;font-family:"Century Gothic","sans-serif";color:#0D0D0D'><o:p></o:p></span></p><p class=MsoNormal><span style='font-size:9.0pt;font-family:"Century Gothic","sans-serif";color:#0D0D0D'>Commerce, TX 75249-3011<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:9.0pt;font-family:"Century Gothic","sans-serif";color:#0D0D0D'>Phone: 903-886-5091<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:9.0pt;font-family:"Century Gothic","sans-serif";color:#0D0D0D'>Fax: 903-886-5098<br></span><b><span style='font-size:9.0pt;font-family:"Century Gothic","sans-serif";color:#365F91'>http://web.tamu-commerce.edu/<br></span></b><span lang=EN style='font-size:8.0pt;font-family:"Calibri","sans-serif";color:black'>“Most business men generally are so busy coping with immediate and piecemeal matters that there is a lamentable tendency to let the "long run" or future take care of itself. We often are so busy "putting out fires," so to speak, that we find it difficult to do the planning that would prevent those fires from occurring in the first place. As a prominent educator has expressed it, Americans generally "spend so much time on things that are urgent that we have none left to spend on those that are important."</span><span lang=EN style='font-size:11.0pt;font-family:"Calibri","sans-serif";color:black'><o:p></o:p></span></p><p class=MsoNormal style='text-autospace:none'><span lang=EN style='font-size:8.0pt;color:black'> </span><i><span style='font-size:8.0pt;color:black'>Gustav Metzman<o:p></o:p></span></i></p><p class=MsoNormal><b><span style='font-size:9.0pt;font-family:"Century Gothic","sans-serif";color:#365F91'><o:p> </o:p></span></b></p><p class=MsoNormal><span style='font-size:10.0pt;font-family:"Century Gothic","sans-serif";color:#A88420'>Please take a minute to complete our </span><span style='font-size:10.0pt;font-family:"Century Gothic","sans-serif";color:#244061'><a href="http://web.tamu-commerce.edu/audience/onestopshop/"><span style='color:#244061'>We Care</span></a></span><span style='font-size:10.0pt;font-family:"Century Gothic","sans-serif";color:#A88420'> survey online and let us know how we are doing!<o:p></o:p></span></p><p class=MsoNormal><b><span style='font-size:9.0pt;font-family:"Century Gothic","sans-serif";color:#365F91'><o:p> </o:p></span></b></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Century Gothic","sans-serif";color:#0D0D0D'><img border=0 width=85 height=85 id="Picture_x0020_1" src="cid:image003.png@01CCB0F9.075889D0" alt="Description: SpiritLogo.emf"><o:p></o:p></span></p></div><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Arial","sans-serif"'><o:p> </o:p></span></p></div></body></html>