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Article: Law favors gambler over grad
- Article from:
- Chicago Sun-Times
- Article date:
- May 6, 2007
- Author:
CopyrightCopyright 2007 Chicago Sun-Times. (Hide copyright information)
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Like murder or treason, failure to repay a student loan is an
offense with no statute of limitations.
That is virtually unheard of in civil or criminal law, experts
say.
"It's extraordinary," said Deanne Loonin, staff attorney for the
National Consumer Law Center in Boston and author of "No Way Out," a
report on student lending laws.
Other than child support, taxes and student loans, very few debts
can be pursued for collection indefinitely, experts said.
What's more, since changes in the law in 1998, declaring
bankruptcy will not free one from the debt. That goes for government-