the Northeastern University can start a lawsuit against the OP over the unpaid tuition balance.
Check this article:
UPenn sues big-biz alumnus over $3.3K in unpaid tuition from 2011
https://nypost.com/2022/04/16/penn-sues-...d-tuition/
Punishing the Poor: Yale, Other Colleges Suing Students over Student Loans
https://www.tuition.io/punishing-the-poo...ent-loans/
They can start lawsuits any time... ten years later or fifteen years later
Become successful before this happens so that you can pay off when they sue you
https://www.studentclearinghouse.org/col...ting/faqs/
Here's a quote from NSC.
" How does Enrollment Reporting work?
Once your institution signs our participation agreement, the Clearinghouse becomes your agent for confirming the enrollment status of your student financial aid recipients. Periodically, you need to report the enrollment status for all your students to the Clearinghouse via secure FTP. The Clearinghouse, in turn, provides status and deferment information, on your behalf, to guaranty agencies, lenders, servicers, and the Department of Education’s NSLDS (National Student Loan Data System).
The Clearinghouse process identifies borrowers who:
Withdraw from school and need to begin repayment
Transfer from one school to another
Return to school and may be eligible for a deferment
Continue in school and are eligible for deferment extension
"
This means they will report if you owe money to loan companies or used financial aid.
Not sure if they reported you when you paid everything out of your own pocket.
and how does this affect MS degree conferral when the MS degree doesn't require anything from undergrad record?
Unless the degree program specifically mentions that they want applicants who don't owe anything to undergrad institutions, it should be ok... but please do your own research
Check this article:
UPenn sues big-biz alumnus over $3.3K in unpaid tuition from 2011
https://nypost.com/2022/04/16/penn-sues-...d-tuition/
Punishing the Poor: Yale, Other Colleges Suing Students over Student Loans
https://www.tuition.io/punishing-the-poo...ent-loans/
They can start lawsuits any time... ten years later or fifteen years later
Become successful before this happens so that you can pay off when they sue you
https://www.studentclearinghouse.org/col...ting/faqs/
Here's a quote from NSC.
" How does Enrollment Reporting work?
Once your institution signs our participation agreement, the Clearinghouse becomes your agent for confirming the enrollment status of your student financial aid recipients. Periodically, you need to report the enrollment status for all your students to the Clearinghouse via secure FTP. The Clearinghouse, in turn, provides status and deferment information, on your behalf, to guaranty agencies, lenders, servicers, and the Department of Education’s NSLDS (National Student Loan Data System).
The Clearinghouse process identifies borrowers who:
Withdraw from school and need to begin repayment
Transfer from one school to another
Return to school and may be eligible for a deferment
Continue in school and are eligible for deferment extension
"
This means they will report if you owe money to loan companies or used financial aid.
Not sure if they reported you when you paid everything out of your own pocket.
and how does this affect MS degree conferral when the MS degree doesn't require anything from undergrad record?
Unless the degree program specifically mentions that they want applicants who don't owe anything to undergrad institutions, it should be ok... but please do your own research