Not for collection of federal loans, but there is a time limit on private loan collection. The time limits for private loans vary by state, but are usually about six years after default.
Not for collection of federal loans, but there is a time limit on private loan collection. The time limits for private loans vary by state, but are usually about six years after default.
On Friday, March 27th, Congress passed the ‘‘CARES Act,’’ emergency legislation intended to meet urgent public health and economic needs in the face of the coronavirus crisis. Please visit our blog for the most up to date information on what this will mean for student loan borrowers.