If Sallie Mae sues me for repayment of student loans and wins a judgement... Does that judgement then fall under my States Statute of Limitations?
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Read More Answered By: Paul Malikowski |
Maybe not. Section 484A(a) of the Higher Education Action provides that no statute of limitations bars enforcement action to collect Federal student loans, including collection by offset, lawsuit, or enforcement on student loan judgments. 20 U.S.C. § 1091a(a). State law that would otherwise limit these actions is superseded by Federal law and cannot bar collection action.
Your attorney can explain further. |
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