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

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I have decided to join my school again and I am sure that my application will be approved. The problem lies with funds. My credit is not very good. I've lost my last job very recently. Moreover I owe some default student loans. When I contacted a student loan servicing company, they told me that I won't be able to get the federal aid any more. Anyone else here having similar problem? Can anybody suggest me someway so that I can enter my school by next academic session?




Thank you for your help!!!

Sub: #31 posted on Sat, 01/16/2010 - 16:51

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

Sub: #32 posted on Sat, 06/19/2010 - 21:05

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

Sub: #33 posted on Sat, 06/19/2010 - 22:00

SOAPLADY SOAPLADY
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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

Sub: #34 posted on Tue, 08/31/2010 - 20:20

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are these private loans or federal loans?

Sub: #35 posted on Tue, 08/31/2010 - 20:22

SOAPLADY SOAPLADY
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Federal loans ...

Sub: #36 posted on Wed, 09/01/2010 - 06:35

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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.

Sub: #37 posted on Wed, 09/01/2010 - 06:42

SOAPLADY SOAPLADY
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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

Sub: #38 posted on Wed, 09/01/2010 - 07:09

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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.

Sub: #39 posted on Wed, 09/01/2010 - 08:37

SOAPLADY SOAPLADY
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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

Sub: #40 posted on Wed, 09/01/2010 - 10:42

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