Statute Of Limitations On Student Loans
Submitted by Dreamharp on Mon, 09/19/2005 - 11:14pm.
Fact or fiction? Just read on a forum that the U.S. Supreme
Court is reviewing the issue of statute of limitations on
student loan collections.
I can't believe after 26 years I am still being stalked
by collectors. It is either their way or no way! Please post
and tell what harm you have suffered from mafia like
collectors regarding your student loan.(s)
Fact! <EM>Lockhart v. U.S.</EM>
Regarding the Supreme Court case, check out the Inside Higher Ed news article that provides an excellent overview of the issues in the Lockhart case. The elimination by Congress of the applicability of state statutes of limitation to federal collection of student loan debt is another example of how the federal government has created a system that serves the interests of lenders at the expense of student loan borrowers, and arguably constitutes unequal treatment under the law for student loan debtors.