Mar 012010
I know that due to changes in federal laws in 1998 and 2005, collection on student loans now have no statute of limitation, but my defaulted student loan is from 1988, and when I took this loan out, there was a statute of limitations of about 20 years (I believe, but I am not sure.) Does the change in law mean that even loans such as mine, that were taken out prior to the law rewrite, are still subject to collection even after so long?