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When is your student loan in default status?


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Answered 2009-08-02 16:55:39

In the US, a Federally Guaranteed student loan is considered default after 270 days on non-payment.

If you need help with your delinquent or defaulted student loans, click on the link below.

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Can you get a home loan if you have a student loan in default?

No.


Can you get a student loan if one of your parents is in default on their student loan?

Yes.


Can you get a federal student Stafford loan if one of your parents has a student loan that is in default?

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In the United States, you cannot receive Federal student aid if you are in default on a Federal student loan. If you have defaulted on a private loan, this will depend upon where you are trying to get additional student aid from.


Can you get a student loan if a student loan you co signed for is in default?

It will depend on what type of loan it was that you co-signed for and is now in default. The federal government will probably not give a loan, but a private bank may if you can present a good case about why that default is not representative of how you run your finances.


What are the release dates for Default The Student Loan Documentary - 2011?

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Will the government repossess your home for student loan default?

No, they will not.


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.


A student loan is considered default after?

In the US, a Federally Guaranteed student loan is considered default after 270 days on non-payment. If you need help with your delinquent or defaulted student loans, click on the link below.


Can unemployment benefits be garnished for student loan default?

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Why does a loan become callable?

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How can one get out of student loan default?

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What happens if you default on a graduate student loan?

Most loans have consequences when you default like reporting negatively to the credit bureaus, garnishment of wages to repay the loan, ineligibility to get another student loan if needed; many late fees, and even a lawsuit to collect on the loan.


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Not if he did not cosign on the loans.


Do congressman's children have to pay back student loans?

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Can you file for a student grant if you still owe on a student loan?

You can apply for a student grant (financial aid) but you have to qualify to be able to receive the grant and you cannot be in default on your loan.


Can a wife get a student loan if her husbands student loan is in default?

In the US, yes you can. If you want help with the consolidation of your husband's defaulted student loans, click on the link below.


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.


When having a student loan does the government stop paying you your child care benefits?

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Will the IRS take federal on delinquent student loan or state taxes?

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Can you still get a student loan if you are in default on another loan and you just filed bankruptcy?

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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.


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How does a student loan forbearance affect your credit score?

A loan in forbearance permits a student to temporarily postpone their federal student loan payments. Or, the forbearance temporarily reduces the amount the student pays. Your students loans may show up on your credit report while in repayment status or out of deferment.