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  1. #1
    Join Date
    Aug 2012
    Location
    Phoenix Arizona
    Posts
    11

    Default Student Loan Statute of Limitations and Debt Collection

    My question involves collection proceedings in the State of: Arizona

    Due to my overwhelming debt and the governments inability to help me finance my medical education I have decided to attend medical school outside the United States. Here in Australia, I qualify for student loans and permanent residency following a year of work (ie. my internship). If I leave the country my student loans will default and they will make some effort to collect them, however collecting from someone in Australia is practically impossible and financially questionable on their part. If I go to school here and then decide to return to the United States, will the SOL guarantee that the loans cannot be collected and my wages garnished. Can I buy a home and live normally or would I do better to just stay in AUS permanently. I have made several attempts to find jobs to pay then back after failing to get the job I was in college to find. The economy destroyed my career field and sadly I have two Bachelors without the ability to pay for them and no job to show for all my schooling. I am in the process of applying for medical school, however Sallie mae private loans are about to default thus I cannot pay for or live during medical school with them destroying my credit and suing me. I have tried to find a reasonable payback option but they are stubborn and non-cooperative. Thus if I get accepted I will be forced to deal with them ruining my chances to take out other loans from other companies to finance my education. Is it better to stay away and educate and then come back, if that is possible. Or would it be better just try to find a way to deal with them as I go through school. I am lost for a course of action. Also I should mention, they are unwilling to wait for medical school to defer the account and have told me that they will default before then. Once you default, you cannot defer and they begin their attack. If only I had applied one year earlier. Please let me know what to do as sadly a residence in the US is looking more and more impossible.

  2. #2
    Join Date
    Sep 2011
    Location
    OH10
    Posts
    17,019

    Default Re: Student Loan Statute of Limitations and Debt Collection

    Not only will the debt be waiting for you, they will likely come after a doctor in Australia.

  3. #3
    Join Date
    Sep 2005
    Location
    Behind a Desk
    Posts
    98,846

    Default Re: Student Loan Statute of Limitations and Debt Collection

    If we assume that your student loans are subject to a statute of limitations, the debt will nonetheless be waiting for you if and when you return home.
    Quote Quoting ARS Sec. 12-501. Effect of absence from state.
    When a person against whom there is a cause of action is without the state at the time the cause of action accrues or at any time during which the action might have been maintained, such action may be brought against the person after his return to the state. The time of such person's absence shall not be counted or taken as a part of the time limited by the provisions of this chapter.

  4. #4
    Join Date
    Sep 2011
    Location
    OH10
    Posts
    17,019

    Default Re: Student Loan Statute of Limitations and Debt Collection

    What I love is how he can afford to travel and live in Australia as well as pay for med school there, however, cannot afford his loans.

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