Legal Question in Credit and Debt Law in Pennsylvania

College loan from 12 yrs. ago

What is the statue of limitations on a college loan from 12 years ago. To my knowledge it is not on my credit report, but I recently received notice from a collector that I still owe on this loan. Am I still liable after all these years, and if so what do you suggest I do to limit the amount owed since it has been such a long time.


Asked on 4/21/04, 9:37 am

1 Answer from Attorneys
James Apple Apple and Apple, P.C.

Re: College loan from 12 yrs. ago

By Federal statutes, there is no statute of limitations on most student loans, mainly those funded or guaranteed by the Federal government. You can ask the collector for a validation of the debt, and that should tell you if this is such a loan. Please contact us if you have any other questions. Good luck.

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Answered on 4/21/04, 11:11 am


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