It's important to know your rights before you borrow student loans – or any loan, for that matter. This includes understanding the methods and parameters of how the debt will be collected if you fall past due or have other financial struggles.
In this week's post, we review the various statutes of limitations that apply to private student loan collection. This is just one of the terms and conditions borrowers need to be aware of when considering student loans.
Note: The Student Loan Ranger is not an attorney. When dealing with legal matters and concerns, consult a lawyer.