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Question By
Syllerina22

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student loan to drop off In april 2016 and im getting calls
So i have some intense student loans. It says it is schduled to remain on until April 2016. Today, first time in years i received a called from the debt collector that has taken over for sallie mae. They asked for me but i said i wasnt the person they were looking for and the sister and took a message which was just their number.
Will this reset the clock all over again? i only have a month before this falls off and dont want to ruin it. Now i am paranoid!
And if not, should I just ignore all calls period with them???? i am assuming they will just keep calling and mailing letters since April is right down the road.

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Sorry, but student loans do not have a 'statute of limitations' to where they will drop off your credit report after a certain period of time.  They are a federal debt and will remain collectable until paid in full, no matter how long it takes.  So, you benefitted from the loans and it is now time to 'pay the piper.' 

Reply by
Syllerina22

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Oh, it is a private student loans not federal. private does drop federal does not. On my credit report it even says it will be dropped from my credit report.

Reply by
Syllerina22

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and i definitely did not benefit from the loans as you stated. It got me in debt they trapped me hit me with insane fees and charges and i didnt even finish the school. 11 years later still no job in the field. so that is no benfits what so ever.

Top Contributor
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Student Loans

If it is a federal student loan, it will stay with you. They just send it to another sevicer who will start trying to contact you again. Suggest that you just contact them directly and work out a repayment plan. There are several new options available that go by one's income, if you have several loans considering doing a federal loan consolidation. But what the other commentor stated, they are not going away. The only type of "student" loan that would drop off are the privates ones, which are really just private installment loans, and not in the federal loan categories. You get a federal regardless of bad/good credit, the private ones you qualify based on credit worthiness.

Reply by
Syllerina22

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ah yes, i have private sallie mae loans from like 11 years ago. it is now reaching its 7 year mark where it was closed. 

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