<human>: Two weeks ago, I got a notice that said Williams and Fudge has a 2k collection on me. The debt was from a loan I took out in college when I ran out of financial aid. School got hectic and I forgot about the loan entirely. I know, it was dumb. Luckily I have some savings stashed away for stuff like this. 

I negotiated it down a bit and paid it. The debt collector told me that since I paid it in full, it should come off my credit history in 30-90 days. I told a friend if mine this and he says it's bs. He suggested I ask r/personalfinance about it. 

Can anyone give me some advice on the matter? Is this really going to be on my credit for 7 years? What can I do about it? Me and my gf are planning on getting a house together soon. I need to take care of this. 

Thanks in advance for any advice!

Summarize the given text in a few sentences.
<bot>: Paid off a loan (for college) that recently went into collection. Any advice you get it off my credit report?