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View Full Version : What is the statute of limitations in Texas on private school loans?


maryp8
Jul 28, 2010, 01:06 PM
In 1968, I took out a private student loan in Texas, at then Texas A&I University,
It was for $600.00, now they claim I owe $1,887.98, or won't release my transcript, so I can get a better paying job, at the school district. What is the statute of limitations on
These type loans in Texas?
Thanks,
Mary A.

ebaines
Jul 28, 2010, 02:11 PM
After 42 years they have no legal right to come after you to force you to pay - so you're safe from that perspective. But you're not asking whether they can sue you; you're asking whether they can withhold service, and I believe they can. It's like a library that refuses to loan another book to someone who owes a late fee, even if it dates all the way back to 1968. My advice is that if you want the transcript you request a detailed accounting of what you owe, and then pay it. If in fact you owed $600 back in 1968, having to pay only $1887 in 2010 is a pretty good deal (the increase is less than 3% interest per year).