Latest Posts
Home > Ask The Get Out of Debt Experts > Is My Private Student Loan Subject to the Statute of Limitations?

Is My Private Student Loan Subject to the Statute of Limitations?

“Dear Steve,

I currently have a private student loan that originated back in 2002. The interest is now more than the principal.

The collection agency is threatening to sue but the statute of limitations for my state is 6 years, its been 8. Can they still sue? Any help/advise would be greatly appreciated.”

Don’t miss our free Get Out of Debt – “How To” Guide Series on a number of topics, for loads of practical advice, tips, and help to beat back debt. – Click Here

The Answer

Unfortunately this isn’t as clear cut as you’d hope.

If this loan was truly private and did not involve the government at all and had no underlying guarantor from a government program that it sounds like it would not be subject to an infinite statute of limitations like federal backed student loans.

You will really need to check with an attorney licensed in your state for specific legal advice regarding your particular loan and the appropriate statute of limitations that applies.

Big Hug!

Is My Private Student Loan Subject to the Statute of Limitations?
Get Out of Debt Guy – Twitter, G+, Facebook

If you have a credit or debt question you’d like to ask just use the online form. I’m happy to help you totally for free.

Is My Private Student Loan Subject to the Statute of Limitations? by

Share This and Spread the Word

About Steve Rhode

Steve Rhode
Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.
  • Victoria

    i have a private loans from the unversity i attend it is not in collection the school would not take a settlement offer by the way am from MS want to know is there a statue of limitations on these type of loans or can u tekll me way to get this loan paid and the school was also taking my state income taxes when i didnt pay monthly.

Get My FREE Get Out of Debt Guy Newsletter

It is the smart thing to do.

I promise to keep your email safe and secure.

Close

I want to keep you posted each weekday with just one email about the latest get out of debt news, scam alerts and information to beat back debt.

You can unsubscribe at any time with just one click.

After you subscribe, check your email to confirm your subscription. If the confirmation email does not appear in your inbox in a few minutes, check your spam folder for it. Sometimes it likes to annoyingly hide there.


  • It will keep you posted on the latest scams.
  • You will be alerted to the latest articles.
  • You will wind up smarter than everyone else dealing with debt.