Federal credit union loan

[andreea_plesoiu]

Hello!

Given the following the situation: an international student took credit through a federal credit union to complete graduate program.
The website of the institution says: "Federal Credit Union's private student loan".

The questions are:
1. Are federal credit loans private loans?
2. If unable to pay, in what way do the creditors may act to recover their claim if the student
is non-US resident and lives abroad?
3. Are private student loans subject to "statute of limitations" so if the creditor doesn't fill a lawsuit
in a number of years ( typically 6 ) you become debt free?

 

[Just Blue]

Hello!

Given the following the situation: an international student took credit through a federal credit union to complete graduate program.
The website of the institution says: "Federal Credit Union's private student loan".

The questions are:
1. Are federal credit loans private loans?
2. If unable to pay, in what way do the creditors may act to recover their claim if the student
is non-US resident and lives abroad?
3. Are private student loans subject to "statute of limitations" so if the creditor doesn't fill a lawsuit
in a number of years ( typically 6 ) you become debt free?

I, for one, will not assist you in this. My eldest busts her AZZ off everyday to pay her loans. You received an education ...pay for the education.

 

[Silverplum]

Other thread, a little different: https://forum.freeadvice.com/debt-collections-84/settling-down-debt-615745.html

 

[Just Blue]

Other thread, a little different: https://forum.freeadvice.com/debt-collections-84/settling-down-debt-615745.html

OP should shut up as s/he is more vile with every word posted.