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I have a student loan unfortunately it is in default. I am disable and cannot work. Would I be able to still get a government loan to go back to school?
Wiki User
∙ 13y ago
If you are in default, you are no longer eligible for a student loan or any other kind of student aid. If you want to return to school and receive aid, you must get our loan "rehabilitated." Call the creditor that is pursuing you. You can make an arrangement to make payments, the amount of which will vary, depending on how much you owe. After 9 (or 12) on-time payments, you loan will be current, penalties removed and negative credit reporting removed. It's a really great deal. Once your loan is rehabbed, you can then apply for aid, return to school and put your loan in deferment (no payments) while you remain in school at least half-time. If you don't know who the creditor is, call the Dept of Education. The number is on the statements you receive. Call the number and you will routed through a voice response system to get the phone number of the creditor that can help you. They will press you for a large payment, etc. but tell them you are on disability and can only afford the minimum. Be aware that now that
Wiki User
∙ 13y ago
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Will the government repossess your home for student loan default?
No, they will not.
Can a parent get out of a co-sign default student loan?
Probably not - the reason a parent had to co-sign on the student loan is so the bank gets its money back if the student defaults. Unfortunately, you are probably on the hook for all the money and the default will be reported on your credit report.
When having a student loan does the government stop paying you your child care benefits?
If you are in default on a student loan, any payments due to you from the government may be withheld and applied to the loan.
Can you get a student loan default off credit?
Actually, the default will stay on your credit indefinately until you get out of default. Student loan default on Federally Guaranteed student loans has no statute of limitation. If you consolidate your defaulted student loans, they will show up as Paid In Full on your credit report. You can get help with the consolidation of your student loans through www.defaultms.com Any default is going to stick around for about 7 years.
Can you get a car loan if a student loan is in default?
Auto finance companies are very leary to lend to people that owe the government, so the answer is most likely no. Yes of cours you can get car loan if a student loan is in default there are many online sources which provide car loans for students.
Can you get a student loan if one of your parents is in default on their student loan?
Yes.
Default on a student loan?
In the US, if you don't pay your student loans for 270 days, they become default. When they become default, the collection agency will start to garnish your wages and the government will keep all future tax return refunds. You should consolidate your student loans and prevent the wage garnishment. You can get an income-based repayment plan and pay as little as $0 a month, defending on your income and dependants. If you want help with the consolidation of your student loans, click on the link below.
What are the release dates for Default The Student Loan Documentary - 2011?
Default The Student Loan Documentary - 2011 was released on: USA: 21 October 2011
What happened when a default judgment for student loan is placed?
In the US, if you don't pay your student loans for 270 days, they become default. When they become default, the collection agency will start to garnish your wages and the government will keep all future tax return refunds. You should consolidate your student loans and prevent the wage garnishment. You can get an income-based repayment plan and pay as little as $0 a month, defending on your income and dependants. If you want help with the consolidation of your student loans, click on the link below.
How can a single mother with default loans get financial aid?
If you are in default on federal student loans you are not eligible for financial aid until you get them out of default.
Can you get a federal student Stafford loan if one of your parents has a student loan that is in default?
Yes.
If you are paying back your student loan can the government still withhold your income tax return?
In the USA, if you are paying the required minimum monthly payment each month and your loans are not in default, then NO the government can not keep your tax return. If you are repaying your loans while in a default status, then YES the government can keep your return. If you need help getting your loans out of default and off the tax offset list, then click on my username, Studentloaner, below.
