answersLogoWhite

0


Best Answer

Quoting from a footnote to the Fair Credit Reporting Act...(located in Subsection 605, regarding statute of limitations) "The reporting periords have been lengthened for certain adverse information pertaining to U.S. Government insured or guaranteed student loans, or pertaining to national direct student loans. See sections 430A(f) and 463(c)(3) of the Higher Education Act of 1965, 20 USC 1080a(f) and 20 USC 1087CC(c)(3), respectively." The FCRA does says that, in general, statute of limitations is 7 years or "until the governing statute of limitations has expired, WHICHEVER IS THE LONGER PERIOD." For federally guaranteed student loans, that governing statutue is much longer than the typical 7 years. There is no statute of limitations on old student loans but they can be discharged under a few circumstances - death, total and permanent disability, military service, teaching, and bankruptcy - ONLY if you can successfully prove that repayment of the debt would cause "undue hardship" as defined by case law in your jurisdiction AND the first payment of the loan was due over 7 years ago. See website: http://www.ed.gov/offices/OSFAP/DCS/loan.cancellation.discharge.html I found this information because I, too, have a loan from the 1980s. I have not worked since 1989 because I got fibromyalgia and PTSD. I am now getting SSI and they keep harassing me and my neighbors. The new bankruptcy laws (Fall 2005) may change this information.

User Avatar

Wiki User

18y ago
This answer is:
User Avatar
More answers
User Avatar

Wiki User

14y ago

In the US, unfortunately there is no statute of limitations on the collections of guaranteed student loans. If not paid back, the government can garnish wages, keep tax returns, and will eventually garnish social security income.

If you need help with your defaulted student loans, click on the link at the bottom of this text box.

This answer is:
User Avatar

User Avatar

Wiki User

15y ago

There is no statute of limitations on federal student loans in the US.

This answer is:
User Avatar

User Avatar

Wiki User

10y ago

Federal student loans have no statute of limitations. The government can always try to collect.

This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What is the statute of limitations on a guaranteed student loan from 1983?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What is the statute of limitations for bad checks in pennsylvania?

PA Statute of Limitations is 2 years for a bad check from the date of the certified mailing. the police charged me for a check from 1983


Is there statute of limitations for civil rights violations?

I believe I was denied my civil rights in family court, 15 years ago. Is there a statute of limitations on civil rights cases? 3 years from the onset of the 1983 violation. That's it folks.


Statute of limitations on Indiana unpaid sales tax?

The statute of limitations for taxes in Indiana is 3 years after the tax was due or after the return was filed, whichever is later. So for instance if you have a tax return due April 15, 2005 and the return is filed February 1, 2005 the statue of limitations is April 15, 2008. If the return was filed on June 15, 2005 with the same due date, the statue of limitations would run out on June 15, 2008.


If you had a permite in 1983 and had traffic tickets is there a statute of limitation in new york?

There is none, as there really is no statute of limitations for a traffic ticket. It does not expire. The statute of limitations is to prevent one from being accused of a crime when the witnesses may no longer be available and defense difficult. In this case, you have already been notified of the violation and have not defended against it in the time allotted. A traffic ticket is a notice of violation. Some jurisdictions will stop trying to collect, or declare on amnesty on tickets on a specific time frame.


What are the release dates for No One for Chess - 1983?

No One for Chess - 1983 was released on: USA: 5 April 1983 (Student Academy Awards)


What actors and actresses appeared in Paisagem Sem Barcos - 1983?

The cast of Paisagem Sem Barcos - 1983 includes: Rosa Lobato Faria as Principal Raquel Maria as Teacher Alexandra Reis Colares as Student Isabel Ruth as Joana


What movie and television projects has Lyza Reese been in?

Lyza Reese has: Played Lava Lava Girl in "Fantasy Island" in 1977. Played Head Cheerleader in "Trauma Center" in 1983. Played Restaurant Patron in "Hotel" in 1983. Played Prostitute in "Manimal" in 1983. Played Student in "My Science Project" in 1985.


What is the mental health act and date?

The Mental Health Act, passed in 1983, is an Act of Parliament (statute), which aims to "consolidate the law relating to mentally disordered persons. It gives in statute doctors, social workers and the police powers to detain someone in order to be taken to a place of safety, asessment and to be treated. Though most treatment is voluntarily, doctors may think it necessary to admit someone against his or her will, this is called "sectioning" where two "approved" doctors authorise the patient's detention. It was given royal assent on 9th May 1983. The Mental Health Act 1983: http://www.statutelaw.gov.uk/content.aspx?activeTextDocId=1729080


What actors and actresses appeared in Yentl - 1983?

The cast of Yentl - 1983 includes: Norma Atallah as Debra Lynda Baron as Peshe Danny Brainin as Yeshiva Student Allan Corduner as Shimmele David de Keyser as Rabbi Zalman Anthony Dean Rubes as Village Student Ruth Goring as Esther Rachel Mary Henry as Mrs. Jacobs Steven Hill as Reb Alter Vishkower Amy Irving as Hadass Teddy Kempner as Yeshiva Student Jack Lynn as Bookseller Derek Lyons as Yeshiva Student Doreen Mantle as Mrs. Shaemen Miriam Margolyes as Sarah Mandy Patinkin as Avigdor Ian Sears as David Kerry Shale as Yeshiva Student Bernard Spear as Tailor Barbra Streisand as Yentl Jonathan Tafler as Yeshiva Student Anna Tzelniker as Mrs. Kovner Peter Whitman as Yeshiva Student


Who are Dallas area rapid transit competitors?

DART is a public agency providing bus, rail, paratransit (for customers with mobility challenges) and carpool/vanpool lanes. It was created by state statute and a popular vote in 1983. There are no competing agencies.


What movie and television projects has Kai Thorup been in?

Kai Thorup has: Played Bicycle Rally Onlooker in "Smokey and the Bandit Part 3" in 1983. Played Baseball Fan in "Blue Skies Again" in 1983. Played High School Student in "Sin of Innocence" in 1986. Played College Student in "Revenge of the Nerds II: Nerds in Paradise" in 1987. Played Basketball Onlooker in "Cocoon: The Return" in 1988.


What movie and television projects has Pauline Lomas been in?

Pauline Lomas has: Played Student in "The Entity" in 1982. Played Looney Nurse in "Hysterical" in 1983. Played Woman in "Testament" in 1983. Played Reporter in "Fatal Instinct" in 1993. Played Alicia Masters in "Fantastic Four" in 1994.