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Student loan-sold

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SHV

Junior Member
:confused: What is the name of your state? FL
Let me first acknowledge that I am not a lawyer...in fact, the only clue I have as to what to do is due to the great help I have received here. Please, no rude remarks...I'm just asking. I understand from here that even private student loans have no SOL. However, once they are written off and sold, especially more than once, how is it that they remain in the catagory of "student loan?" After all, the original contract was for that, but it is no longer owned by the bank who contracted with me for the loan. Seems like it would now fall under "regular" contract loans. Thoughts?
Again, please no insults... ;)

Thank you in advance.
 


SHV

Junior Member
Sorry, let me try again. When a student loan has been written off and sold to a 3rd party agency, does it remain in the catagory of "student loan" for SOL purposes? My thinking (yes, non-lawyer, overwhelmed mind thinking) is that the original contract is no longer in effect, therefore the loan now falls under "regular" loans. As stated in my original post, no rude comments are warrented...I would pay if I could. I'm simply asking for help.
Thank you in advance for helpful advice.
 

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