Fitzgerald & Campbell Law Firm Responds to SoFi’s Article on Student Loan Statutes



Fitzgerald and Campbell look at the growing issue of student loan statutes; which is a growing concern among millions of Americans.

Santa Ana, CA, USA, August 25, 2021 (GLOBE NEWSWIRE) –

On August 4, 2021, SoFi published an article titled “Is there a statute of limitations on debt?” Fitzgerald & Campbell, a professional law firm, claims SoFi was wrong when it concluded there was no statute of limitations on student loan debt. Since it is clear that there are statutes of limitations on private student loans, the firm questions the motivation of SoFi, a lender whose student loan portfolio contains only private student loans.

Gregory Fitzgerald, managing partner of Fitzgerald & Campbell, said the clear answer to the question “Is there a statute of limitations on student loan debt” is yes. The statute of limitations does not apply to federal student loans because the federal government does not enforce claims against the federal government. Consequently, claims and limitation periods do not apply to them.

SoFi states: “And some debts, such as student loans, are not subject to a statute of limitations. This means that lenders or debt collectors have no time limit to sue in court to get the money you owe, no matter how long ago you stopped paying on your student loan. ”

Fitzgerald says, however, that the position that all student loan debts are not subject to a statute of limitations is incorrect. Private student loans are subject to a statute of limitations. “SoFi knows better than publishing an article that says there is no statute of limitations on student loans,” he said.

“Private student loan lenders do not have the luxury of the federal government and therefore have to sue and win judgment before they pay wages, seize assets, etc. So the statute of limitations is the context of student loans apply to private lenders. always, ”Fitzgerald said. “The limitation period may have any application only for the defense of a claim.”

Fitzgerald thinks SoFi was wrong. Fitzgerald says there is a question about SoFi’s intentions. “Did they just make a mistake or were they trying to mislead the readers of the article? Keep in mind that most readers are either already in debt to SoFi or are thinking about it. ” It encourages anyone looking for information on such an important topic as debtor rights to seek professional assistance to fully understand these rights. “Don’t ask your lender,” he says. For those who have little or no access to competent and affordable legal advisers, he recommends that they carefully study this topic from a variety of sources before making any financial decisions.

If you would like to subscribe to the Fitzgerald & Campbell newsletter or blog, or simply learn more about the firm and its practice of representing debtors across California, visit, call or text 855-709-5788, or email Fitzgerald at gfitzgerald @

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CONTACT: Name: Gregory Fitzgerald, Esq. Organization: Fitzgerald & Campbell A Professional Law Corporation Address: Santa Ana California Phone: 855 709 5788


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