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When Do Paid/Closed SLs Fall Off?

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Established Contributor

When Do Paid/Closed SLs Fall Off?

Do student loans fall off ten years after the last payment is made, aka DOLA? I've got a few loans that were opend in the late 90's that have finally been paid off. I figured they would report for another 10 years. I was shocked to see one CR show that one of the loan accounts would fall off in 2016. That is around 4 years after DOLA. 

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Moderator Emeritus

Re: When Do Paid/Closed SLs Fall Off?

Ignore the DOLA because there are a number of factors that can influence that date, even years after it's been paid off. 

 

In general, positive loans drop 10 years from the date of closure, which is when the loan was paid off.

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Senior Contributor

Re: When Do Paid/Closed SLs Fall Off?


llecs wrote:

Ignore the DOLA because there are a number of factors that can influence that date, even years after it's been paid off. 

 

In general, positive loans drop 10 years from the date of closure, which is when the loan was paid off.



+1.  Go by the date you know the account was closed.

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