Seventeen-year-old Teresa wants to disaffirm her student loan agreements.In most states, she may do so.

Question

Quizplus · Accepted Answer

In most cases, a borrower cannot disaffirm a student loan agreement just because they are underage. In fact, federal law requires borrowers to be at least 18 years old to take out a student loan without a cosigner. While some states may have specific laws that allow minors to disaffirm contracts, this is generally not applicable to student loans. Thus, Teresa cannot disaffirm her student loan agreements just because she is 17 years old.

Seventeen-Year-Old Teresa Wants to Disaffirm Her Student Loan Agreements