Default student loan, Going back to school- want federal aid

Just curious. If I have a defaulted car loan, does that make me ineligible for a student loan??

Private loans maybe but not federal loans. Federal loans are not credit based.

I have had a stroke of bad luck of keeping a job after college. I had already deffered my student loans for a year, but in this ecnomy that didnt last .. I have paid 4 months and now am 3 months behind. I have entered college again and have received federal aid once again after some paperwork . Would i need to contact the lenders? whould they automatically know that I am back in school? will the 3 months of unpaid payments be forgotten till I am finished with college again?

thanks

are these private loans or federal loans?

Federal loans ...

you should have applied for a deferment or forebearance as soon as you knew you couldnt make your payment.

Call your lender...they maybe able to verify thru their database that you are back in school.

Sorry, I didnt explain right, I did apply for deferment and they gave me a year, the year was up 7 months ago and now I'm behind 3 months.

Thanks

You should have called them again and asked for another as soon as you knew you could make your payment. You are eligible for up to 3 years of deferements. Plus they could have given a forebearance.

thanks i got them calling me today and informed them that I am attending classes again. The Lenders want me to fax them a verification of enrollment form and to make sure that the College has me registered back on the national student clearinghouse data base .. but this did not excuse the past due amounts for the months of June and July .. thanks for the quick responses and comments

Great Topic! I saw this briefly touched on, but I'd like to hear something a little more solid. I just began the process of trying rehabilitate my defaulted student loan with the intention of going back to school next year. Now, once rehabilitated, you are "eligable" for new federal loans, but what are the chances you will get them? Also, can I apply for FAFSA or scholarships before the defaulted loan is considered rehabilitated (as I'd like to get started on my other financing options as soon as possible)?
Thanks!

The collector handling your account should have been able to answer this. You become eligible for financial aid after 6 consequitive payments...federal law. You must continue the rehab payments and not miss any until completed or the financial aid will be withdrawn.

Soaplady, was that in response to my question? Yeah, I get that much - I just don't know how much "eligible" relates to actually getting the loan, or is it pretty much at that point as long as I need it, it will be there (ie, my financial conditions are worse off or equal to when I took out the original loans). And how is FAFSA related? Can I send in the FAFSA forms before my loans are out of default? Or will they just "well we can't offer you any other aid because..." I still have to talk to the financial aid office at the school (which I'll do after the holiday today) but it seems like they don't send you information on other grants and scholarships you might be eligable for until you send in the FAFSA form.

You can complete the FAFSA online but until the 6 payments are made you are ineligible, meaning you will be denied. Even after the 6 payments, you might need a financial aid letter from the CA.

Eligible in federal terms means you get them, ineligible means you don't.

FAFSA = Free Application for Federal Student Aid.