I have a private loan in the amount of $4,000 in default. It was a student loan that I wasn't able to pay on while unemployed. I didn't know about the economic hardship rules. Anyway, I know that I can get federal grants for certain because I was even able to get them when I had a federal student loan in default. Now that it's out of default and paid in full, can I still get federal loans like a stafford loan? Or will I have to pay the private loan in full as well in order to get any financial aid?
2007-03-05 13:08:01 · 4 answers · asked by alfeebester 3 in Education & Reference ➔ Financial Aid
as long as it is not a Stafford or a Perkins loan, you should be good. A private student loan through a private bank is just like a car loan, or mortgage loan. You will be able to get your regular federal loans, and grants.
2007-03-05 13:57:08 · answer #1 · answered by glassflower 4 · 0⤊ 0⤋
maximum deepest pupil loans count selection comparable to federal pupil loans while it is composed of eligibility she would manage to would desire to stick to for FAFSA & whether it look like she have been given with the aid of that... she nevertheless would discover out she is ineligible she needs to talk with the college she is interested in attending
2016-12-18 06:30:28 · answer #2 · answered by ? 4 · 0⤊ 0⤋
Look, don't go asking for money until you make arrangements to pay back what you already promised to pay.
2007-03-05 15:11:35 · answer #3 · answered by Anonymous · 1⤊ 2⤋
I would say no!
2007-03-05 13:29:50 · answer #4 · answered by Asha 1 · 0⤊ 1⤋