Hello,

Is a private student loan considered a promissory note or written contract as far as the SOL is concerned.

I have read the promissory note for a private student loan and it states:

3. You are located in Ohio. My Application and Loan Agreement will be entered into in Ohio. Your decision on whether to lend me money will be made in Ohio. CONSEQUENTLY,THE PROVISIONS OF MY LOAN WILL BE GOVERNED BY FEDERAL LAWS AND THE LAWS OF THE STATE OF OHIO, WITHOUT REGARD TO CONFLICT OF LAW RULES. I agree that any suit I bring against you (or against any subsequent holder of my loan) must be brought in a court of competent jurisdiction in the county in which you maintain your (or the county in which such subsequent holder maintains its) principal place of business.
Does this mean I cannot use my states SOL? Does anyone have any idea what state is the best to live, in regards to SOL?

Thanks