Is is possible to get out of default on student loans?

Question

My student loans went into default 6 years ago as I was trying to take care of my dying husband. Is it possible to work my way out of default? I would like to go back to school, but can't without getting financial aid.

I went into default 6 years ago after taking care of a sick husband. I do not want to get out of paying them, I need to know if I can arrange something to take the status of default off.

Answer 1

Student loans are there forever. No matter what you do, you will have that on your credit, until you pay them.

That is how the government gets their money. They put these loans on everyone's credit indefinitely, and anyone who cares about there credit and future will pay them. If not, I think they get the satisfaction of ruining people's credit.

Try to set up a plan to start paying on them again. Maybe you could get financial aid again, after returning this account to good standing. It is a shot.

Answer 2

so some distance as i comprehend once you purchase a house your pupil loans are not taken under consideration. My husband replaced into paying off his pupil mortgage and we've been instructed via our financial consultant that for a private loan they simply prefer to renowned approximately financial corporation loans, credit taking part in cards and so on. i'm unsure if your defaulted on it if it makes a distinction.

Answer 3

Assuming you can find the money to pay the loans, you can get out of default status. Without more information, I can't comment on how hard that will be.

Answer 4

Your best bet is to talk to the Student Loan companies. Be honest with them, work with them. They may help out.

Answer 5

You'll have 2 call & talk with someone my husband 20yrs later is still paying them no way out of this one sorry.Good Luck

Answer 6

Not even bankruptcy gets you out of student loans.