I have received calls from OSI Education Svcs for a while now concerning a debt that NMSU claims I owe. OSI has claimed that this is a defaulted student loan, which I doubt, since my lender has said nothing about a default and no such loan shows up on my Financial Aid Review on the NSLC site. So, I'm assuming this is a tuition debt (I mailed NMSU for confirmation recently). If this is a tuition debt that I apparently owe directly to the school and the debt is from the Spring of 1998, it surpasses the SOL in NM for debt (which is 6 years). Does SOL cover debts owed to colleges that AREN'T student loans?
My husband and I are having the same kind of problem with a non Federal student loan. According to the research I have done, any loan which is a private loan (such as a supplemental loan given by a bank during your college years) or a state loan falls under the same category as other debts....you can raise the SOL defense if you are sued by that agency. Any Federal loans (money from the US Department of Education) do not have an SOL, and they can garnish without suing you. We have an agency that has been bothering us for a few years now, trying to collect on a supplemental loan that defaulted about 12 years ago. We have successfully removed that loan from Experian, but Equifax still shows the loan. I think there is just a lot of confusion out there about student loans. If the money didn't come from the US Department of Education, then you have a lot more rights to protect yourself from collecting old student loan debt.
