I was told for SCHOOL LOANS..?

I'm not sure if the loan people stop contacting you, but it will definitely show up as an unpaid bill if you try to apply for another loan, credit card, line of credit, mortgage, etc. It will negatively affect your credit score. It would be best to contact the loan people and try to figure out a repayment schedule.

You were willing and ready to take the money when you could borrow it, now you need to find a way to pay it back.

School loans are supposed to be used to get an education so you can get a job that pays well enough to support you and pay the loans back.

Debt like this will stay on your credit report until you pay it off, even if that takes 10 years. In the meantime you won't get a decent car loan, you may even have a problem getting a cell phone contract. Start to find a way to pay them something every month without fail. You owe the money.

Hah. Good luck. Grants do not need to be repaid, but student loans are a special class of debt that is non-dischargeable in bankruptcy and to get rid of you basically need to prove to a judge that you are completely unable to repay. For example, you were injured in a car crash and paralyzed from the neck down. If you are able to work, the loans will sit over your head.

I hope for your sake that these are Federal loans that are flexible with their repayment; otherwise you are in for a world of hurt. I should mention that the Feds can garnish anything - tax returns, Veterans' benefits, or social security, if you owe them $.

Pay your bills, deadbeat.

If you owe $13,000, they're not going to simply "give up". They'll sue you in court and get a judgement against you. Then, they'll be able to take money from your bank accounts and garnish your wages.

There is no statute of limitations for school loans. You can't even get rid of them in bankruptcy.