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There is no statute of limitations for a Federally backed student loan.

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Q: What is the statute of limitations on a twenty year old student loan?
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Related questions

Does a student loan have a statute of limitations after 7 years in New York?

Federal student loans do not have a statute of limitations. If it is a personal loan, it may have one.


What is the statute of limitations on having to pay a bank Back for a student loan?

Most student loans have no statute of limitations, even if issued by a bank.


Are they a statute of limitation on student loans in South Carolina?

Student loans are a Federal guaranteed loan. There is no statute of limitations for them.


What is statute of limitations on SBA loan default?

What is the statute of limitations for an SBA loan in NC


What is the statute of limitations on a personal loan to a friend?

There is no STATUTE of limitations on any loan. You will always be responsible for paying it back. Statutes of limitations is only for laws.


Statute of limitations on Sallie Mae loans?

If this is a Federal Student loan unfortunately, THERE IS NO STATUTE OF LIMITATIONS. If this is a PRIVATE, UNSECURED STUDENT LOAN, by LAW, this is subject to a STATUTE of LIMITATIONS. One quick way to check what kind of loan you have is to simply contact the Dept. of Education and ask them for a full account and record of all your Federal student loans. Depending on the competence, or honesty of the judge and lawyers involved, you should expect a reasonable resolution of the statute of limitations has passed. Sallie Mae is a dirty company and will lie about terms of your contract, date of origination and sometimes even what school the loan was for. Make sure to keep ALL your records and come prepared to court. Call an attorney and Good luck.


What is the statute of limitations on coming back and collecting money owed for a loan that the balance was zeroed out but money never taken out of a checking account electronically?

There is no statute of limitations on federal student loans under any circumstance.


Is there a statute of limitations on an sba emergency disaster loan of 264000?

No, there is not a statute of limitations on an SBA emergency disaster loan. The debt will be collected until it is paid off.


Is there a statute of limitations of a title loan in Alabama?

No, there is no statute of limitations on a title loan in the state of alabama. As long there is a recorded security interest on your car title i.e." Lien" you are obligated to repay your title loan


If a student loan was taken out in 1999 and was not paid off how long is this debt subject to collection?

Identifying the TYPE of student loan is crucial to getting an answer to your question. Federally guaranteed student loans have no statute of limitations, nor do they have an expiration date for how long they may show on a consumer's credit report.


How do you use the word statute of limitations in a sentence?

Susan wanted to sue her brother to repay a loan but the statute of limitations had passed for enforcing the promissory note in court.


Can a check cashing loan be turned into a warrant if check bounces and what is the statute of limitations on this in Kentucky?

Written agreements in Kentucky are long. They have 15 years to bring a case. And if it is a felony, there is no statute of limitations.