| Agreed, no that is not nearly the truth, as noted you will always owe the money if you don't pay it back.
After a number of years up to 7 depending on the state, they can no longer take you to court to get a judgement to force you to pay.
But once they have a judgement they can collect up to 10 years, and can renew for another 10 years if needed.
So you did not supply enough information |