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#1
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**** I copied and pasted my post from the collection forum to here because no one seems to know the answer to this question***
We have a collection agency after my husband for a supposed debt he owes to a private college. I think it is out of SOL but I wanted to see if I could get info since it is due to a school and I know that there are a whole other set of rules regarding that. 1) It is NOT a loan. This is tuition that the college claims is due. 2) It is from a PRIVATE college so it shouldn't be the same as a public school which is backed by the federal government 3) My husband said he believe he attended in either 2003 or 2004 but the collection agency says they have a letter from the college stating he owed money and it's dated 1/2005. They are sending me this info. Even if I go by the 2005 date SOL should have run out in 2009 and it should have to drop from his credit report in 2012. Any input would be much appreciated.
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Then: 11/2007 EQ (FICO) - 407 11/2007 TU (FICO) - 457 10/2011 EX (FICO) - 620 Now: 10/2011 Credit Karma - 645 |
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#2
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Tutition accounts from a private non profit schools have no SOL.
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Lynn Clark Ex FFELP and USDE Student Loan Collector Ex Financial Aid officer |
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