S.O.L on money owed to a college (not loan)
Date: Thu, 05/20/2010 - 18:21
Submitted by Poor man from Buffalo
on
Thu, 05/20/2010 - 18:21
Total Replies: 8
S.O.L on money owed to a college (not loan)
My questions.. Is this debt eligible for Statue of Limitations? and if so what should i do? My last question is. Since the college sold the debt to the collection agency could i reapply to that school?
My State is New York
Your debt would not have been sold to a collection agency, only
Your debt would not have been sold to a collection agency, only placed or assigned.
Tuition accounts, if you attended a state or non profit school have no SOL. If you attended a state school, they can have your tax return offset to pay the balance.
You cannot return until the balance if paid in full.
there is no SOL? I attended a SUNY school but my tax refund has
there is no SOL? I attended a SUNY school but my tax refund has never been touched. it has been nearly 6yrs so i will always have this debt hanging over my head?
Yup....state debt. I know in Minnesota they started offsetting
Yup....state debt. I know in Minnesota they started offsetting after about 5 years.
[COLOR=black]I attended a private university in NY and I own the
[COLOR=black]I attended a private university in NY and I own them a lot of money because my father promise me he was going to help me and in the end he didn't (actually I even didn't want to go to college but he pushed me to go and "promised" me he was going to "help"). Anyways since I own the debt directly to the university and my credit is crap because and I am in big debt; does anyone has any ideas of what I can possible do? I still want to go back (at a cheaper college), finish my degree and possible get a PhD (My dream was to become a researcher but I think I would have to wait or scratch that from my goals)[/COLOR]
Unfortunately, your transcripts will be frozen until your balanc
Unfortunately, your transcripts will be frozen until your balance is paid in full. Not much you can do but pay it.
state university debt (not a loan)
I had to leave state university suddenly during my first semester due to emergency circumstances. I was unaware I needed to formally withdraw in order not to be charged for the semester nor did the school advise me of such when they knew I was leaving. The university charged me for the full semester. Now a collection agency is calling on behalf of the school and has added on huge interest amounts to the debt. I cannot possibly pay this as I have been unable to obtain a job in this economy. Can I file a chapter 7 bankruptcy for state university debt (not a loan) to get out from under this debt?
Did you talk to the bursers office or student accounts? Or an a
Did you talk to the bursers office or student accounts? Or an academic advisor. Any time you enroll in a school you agree to abide by the withdrawal policy set by the school. With a state school, you are not due any refund after about the 4th week....look up your schools website under tuition withdrawal policy. Failure to withdraw not only brings financial problems buy automatically will give you an F for each course.
State debt...no bankruptcy. Do you owe student loans as well?