Will having poor credit and a bad history with student loans preclude me from getting a federal Pell grant?

Answer 1

I agree with cyanne, but have this to add: if you were late on payments to your student loans, and can show reasonable cause (illness, lose of income due to no fault of your own, etc.) but the end result was they were paid, you may still be eligible for the grant. If you outright defaulted on them, non-payment, did not contact FSLD to enter a work-out program, you are not eligible for any federal grants.

Answer 2

i have self belief we may all earnings from scholarships particularly than authorities subsidies. authorities subsidies and intervention is the rationalization for countless the marketplace bubbles and the rationalization for hyper-inflated expenditures: i.e.: realestate bubble, turning out to be remedy fee, college books, and school training. Why would a school attempt to compete for faculty scholars at the same time as such countless can get lower priced loans to pay for there preparation with the backing of Uncle Sam? they can toughen training as a lot as they choose and entice more desirable professors with more desirable salaries, construct a clean stadium, or construct a parking storage. the money is merely too straightforward and professionals say that a level will payoff, which it does as long as you do not rack up thousands of thousands of bucks in student loans. once authorities is out of the marketplace aggressive faculties training expenditures might want to decrease and faculties would grant further and extra scholarships to entice extra scholars. -by the way, there is no longer something incorrect with getting Federal help to assist with college. Be smart do not bypass over your head and get the most out of your preparation. i'm a Libertarian if the authorities is giving out something with out strings connected - i will take it, yet I gained't assume it or develop into depending on it. i will discover different means to get what i choose and choose, and so might want to human beings.

Answer 3

Your credit won't. Your problems with student loans could indeed, depending on what your NSLDS code is.