Does student loan debt expire?

[Read more about what to do if you're a delinquent student loan borrower.] With that in mind, it's also important to understand that consumers can take action that may extend the statute of limitations. read more

Federal Student Loans Do Not Expire In the United States, Federal student loan debt never expires in the sense that it's always collectible. Unlike other debt (credit cards, personal loans, cell phone bills, etc.) federal student loans aren't subject to a statute of limitations. read more

In the context of debt collection, a statute of limitations is a set amount of time that a creditor has to sue you for an unpaid debt. A statute of limitations applies to private student loans but not to federal student loans, such as Stafford, Perkins, Parent PLUS and federal consolidation loans. read more

The loan may be dischargeable in bankruptcy (not usually, but it does happen). 6. Your loan may be sold to a debt buyer. In fact, it may be sold several times. Your chances of success (defined as paying less than 100%) increases dramatically. 7. If you are sued: First, do not assume they will win. read more