how to resolve a student debt residing overseas

Submitted by rblaz18 on Tue, 04/12/2011 - 07:52
Forums

Hi, I have an outstanding USA student loan debt greater than 50k from 20 years ago.
I didn't complete the program.
I've lived in another country for the past 5 years & am a citizen there.
I'm 59 , in poor health with very limited means & would like to resolve this debt so it doesn't affect my Social Security.
Your advice would be most helpful

I don't think any debt can affect your social security benefits. Also remember that a very old loan may go past it's SOL, and if you make a payment after it goes past the SOL, then it resets the SOL clock. So, you need to remember these things before you take a step ahead.

Tue, 04/12/2011 - 10:30 Permalink

AARON,...I didn't think Student Loans have SOL's. Since it is a gov-type loan. Hope you understand my question. I have a Student Loan, I've been paying on for a while now. It's not in 'deafult', but, I was told it doesn' come off your credit. Can you give me some insight please? Thanks.

Wed, 04/13/2011 - 12:00 Permalink

Well, I too have never heard of any loan which won't come off your report even after you've paid for it. Would like to have more time to be able to look for more info.

Fri, 04/15/2011 - 07:41 Permalink