answersLogoWhite

0

In the US, yes you are eligible for additional student loans if you rehabilitate, bring current, or consolidate your defaulted federal loans. If you need help with the consolidation of your defaulted loans, click the link below.

User Avatar

Wiki User

16y ago

What else can I help you with?

Continue Learning about Finance

Can you settle a defaulted student loan?

In the US, if the student loan is Federally Guaranteed then the answer is no. The Dept of Ed. and it's collection agencies will not negotiate or settle a debt. If the student loans are private, then the answer is yes. If you need help with your defaulted student loans, the company listed at the bottom of this text box can help you.


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 you get a student loan if you have one in default?

In the US, you can not get another Federally Guaranteed student loan if you have one in default. You can get another student loan if you consolidate your defaulted loans. To get help consolidating your defaulted loans, click on the link at the bottom of this text box.


How do defaulted homeowner loans affect bad credit?

Defaulted homeowner loans affect bad credit because it wont allow one to get a mortgage or another loan. Most banks and loan lending companies wont offer one a mortgage or a loan because one had taken defaulted homeowner loans.


Who is responsible if 2 people co-signed a student loan which the student defaulted on?

Who pay's a defaulted studentThe student is responsible and if judgment is granted then they take money either from their pay check's or their income tax will be held for payment until debit is payed. So the student has either garnessment of wages or tax return's..... In the US, a cosigner can be removed from a loan if the original borrower consolidates his/her loans in only their name. To get help with the consolidation of defaulted loans, click on the link at the bottom of this text box.

Related Questions

Wage garnished student loan paid off can you get another student loan?

Yes, if you paid off a Defaulted student loan and don't have any other defaulted student loans, then you are eligible to get new Federally Guaranteed student loans.


Can you get your student loans paid for by joining the peace corp?

if you paid off a Defaulted student loan and don't have any other defaulted student loans, then you are eligible to get new Federally Guaranteed student loans


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 settle a defaulted student loan?

In the US, if the student loan is Federally Guaranteed then the answer is no. The Dept of Ed. and it's collection agencies will not negotiate or settle a debt. If the student loans are private, then the answer is yes. If you need help with your defaulted student loans, the company listed at the bottom of this text box can help you.


Receiving student loan when being in Default?

In the US, you can only get a new student loan if you rehabilitate or consolidate the defaulted loans. To rehabilitate, you need to make 9-12 on time payments to your current lender. If you need help with the consolidation of your defaulted student loans, click on the link below


I had a federal student loan that went into default. They took my taxes each year and they are now paid off. I was wondering If I would be able to go back to school and get another student loan?

I'm pretty sure if you have defaulted on a previous student loan, you cannot get a federal student loan again. maybe you could get a private student loan, but the rate you'd get would suck cause your credit probably sucks after defaulting on that other loan...sorry.


Can you be denied Medicaid or Section 8 due to student loan default?

No, but some federal benefits (like Social Security) can be offset to satisfy defaulted student loans. Some borrowers who have not yet defaulted also qualify for a deferment of their student loan payments while receiving public assistance.


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 you sill get a student loan if your in deferment on another student loan?

Yes.


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

In the US, you can not get another Federally Guaranteed student loan if you have one in default. You can get another student loan if you consolidate your defaulted loans. To get help consolidating your defaulted loans, click on the link at the bottom of this text box.


Can you just pay the principal on your defaulted student loan?

No ... you will need to pay the entire 'financed amount' that includes the interest charged. One needs to call the student loan people and get a 'payoff amount' from them first.


How can you file for financial aid if you own on a loan?

One of the basic student eligibility requirements for a student to receive financial aid is that s/he not be in default on a Federal student loan. As long as you don't have a defaulted Federal student loan, you should be fine to apply for financial aid. Go to www.fafsa.ed.gov. Good Luck!