Government-Backed Parent Loan For University.

[Edwardson]

I've an associate at work that had a superb parent mortgage they had removed for that kidis university training 15 years back. Recently, this individual was contacted with a debt collector attempting to gather with this 15-year old debt. Does anybody know, can there be a sculpture of restriction on the government-backed guardian loans to get a college students?

[Bazil]

They are exactly like student loans in this respect.  They generally can't be discharged in bankruptcy and there is no SOL on collection activities.

[Eallard]

No.
Section 484A(a) of the Higher Education Act 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.