Hello,
My husband and I have a loan for his school totaling almost $60k.
Since he graduated we have been stuck dealing with the lies his school fed us and we are not making enough money to pay back the loan.
We have been told bankruptcy is not an option and we cannot consolidate the majority of it $41,000 (that portion is aPRIVATE loan).
We have been trying to find out if there is a statute of limitations on the private portion (4 yrs for CA written contracts) and what would happen if we moved out of the country.
Would they track us down, or if we came back to the US to visit, would they be able to put us in jail?
We need to know legally what our options are, and what can happen! Help!
2006-06-30
10:12:44
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4 answers
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asked by
Anonymous
in
Other - Education