i am 50ish wanting to go back to school but i have a student loan in default since 1984, can i get finanical asst.
2007-01-03 11:35:58 · 4 answers · asked by rinnie 1 in Education & Reference ➔ Financial Aid
Probably not...At least not through the normal channels...Any public money would probably be denied...Private money is of course private and they don't care as much about the default.
But of course to get most money you'll need to fill out FAFSA form, and use that report to get money and they'll probably withhold that report due to the default.
2007-01-03 11:36:48 · answer #1 · answered by feanor 7 · 0⤊ 0⤋
Default ability you do no longer make the scheduled money on the very own loan. the reason the FBI takes it so heavily is that many college loans are federally funded, so as that they do no longer seem kindly on hiring people who take the government's money with out paying it back. Defaulting on any very own loan will additionally injury your credit status, making it hard so which you could purchase a motor vehicle/homestead, etc. interior the destiny. desire this helps.
2016-10-06 09:46:51 · answer #2 · answered by ? 4 · 0⤊ 0⤋
only if you start making payments that they will accept to get your loans out of default. Otherwise, no.
2007-01-03 11:39:11 · answer #3 · answered by LatterDaySaint and loving it 6 · 0⤊ 0⤋
Have they garnished your pay check for it? If so I'd say no.
2007-01-03 11:38:13 · answer #4 · answered by shakespeareslady2002 2 · 0⤊ 0⤋