http://www.financenewspro.com/statute-of-limitations-on-student-loans/ Professional Finance News And Articles Thu, 17 May 2012 16:05:11 +0000 http://wordpress.org/?v=2.3.1 http://www.financenewspro.com/statute-of-limitations-on-student-loans/#comment-5255 sylvia stevens Sat, 12 Nov 2011 01:40:55 +0000 http://www.financenewspro.com/statute-of-limitations-on-student-loans/#comment-5255 I have a school loan that has been in garnishment since 1996. I heard that in 2012 any loan after 20 years would be forgiven, or is this for current school loans? I have a school loan that has been in garnishment since 1996. I heard that in 2012 any loan after 20 years would be forgiven, or is this for current school loans?

]]> http://www.financenewspro.com/statute-of-limitations-on-student-loans/#comment-2199 Paying Back Student Loans Thu, 01 Jul 2010 02:21:22 +0000 http://www.financenewspro.com/statute-of-limitations-on-student-loans/#comment-2199 As of 2005, there is no stat. limits on private or federal student loans regardless of what state you live in. You also cannot discharge them in bankruptcy court. either. The best thing that anyone can do is take a second job to get rid of the private ones. Private student loans are a nasty form of debt and balloon in principal very quickly if they were in forbearance while in school. Mine went from 8,000 to 29,000 very quickly. I tell people to stay far away from these if you can.. if you can't then work a part time job and make payments on them while in school to prevent the principal from growing. As of 2005, there is no stat. limits on private or federal student loans regardless of what state you live in. You also cannot discharge them in bankruptcy court. either. The best thing that anyone can do is take a second job to get rid of the private ones. Private student loans are a nasty form of debt and balloon in principal very quickly if they were in forbearance while in school. Mine went from 8,000 to 29,000 very quickly. I tell people to stay far away from these if you can.. if you can’t then work a part time job and make payments on them while in school to prevent the principal from growing.

]]> http://www.financenewspro.com/statute-of-limitations-on-student-loans/#comment-2103 Richard Meisch Fri, 16 Apr 2010 23:11:37 +0000 http://www.financenewspro.com/statute-of-limitations-on-student-loans/#comment-2103 This is exactly my position except that the attorney I hired doesn't seem to know this and let a summary judgement come against me and my daughter, without bring this into question or action. I now need to appeal this judgement. This is exactly my position except that the attorney I hired doesn’t seem to know this and let a summary judgement come against me and my daughter, without bring this into question or action. I now need to appeal this judgement.

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