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Can you go back to school if your old student loans are in default?
Wiki User
∙ 14y ago
no you can not. contact the department or company that your defaulted student loans are located at. some have a repayment/rehabilitation plan. When you complete this you can go back to school. best of luck!
Wiki User
∙ 14y ago
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When do you have to start paying back a school loan?
It depends on the loan, most student loans do not go into default for six months after you graduate, or drop below certain course hours. Some loans can be deferred for 6-9 months, or until you graduate.
Do congressional children pay back student loans?
They are not automatically forgiven their student loans, if that's what you're asking. The word "loan" implies that it's supposed to be paid back. Some children of congressmen might default on their loans, but they're on the whole not treated (at least in theory) any different than anyone else.
What are the differences between federal student loans and private?
Federal student loans have a feature where you can pay them back after you graduate school and get a job, while private loans make you pay for them while you are going to school, you should try to get a grant first before applying for any loan, because of the interest rates. www.finaid.org
What does pay back have to do with student loans?
Pay back in reference to student loans is the time when the loan becomes due and the student must begin paying on it. This usually occurs when the schooling has finished.
How long before outstanding student loans are forgiven?
It doesn't matter how long you had the loan, you have to pay it back unless you are disabled, a teacher in low-income schools, part of the peace corps, or the school forged your signature.If you have a federal direct student loan you can go on an income-contingent plan that will forgive loans after 25 years in repayment.25 years is the max---Never default on the loan.Many payment plans out there.Once you default you can never arrange and special payment plansThanks Casey Mahoney
I owe about 7000 in student loans which I am paying on can I go back to school and get more student loans?
Yes, you can take out additional loans as long as you are not in Default on the current loans.
If you go back to get a MA and have student loans from your BA do you stop paying those loans while in school?
Yes, you can get an in-school deferment on your undergrad loans if you go back for masters.
Do you still have to pay back student loans if the school is no longer in business?
Possibly - it depends on the terms of your student loans. If you took out a private student loan through a bank, you will probably need to pay back the loan. If you took federal student loans, depending on when and why the school closed, you may not need to pay the loans back. You should check with the institution that you have been sending your student loan payments to.
Are you eligible for a single-mother student grant if you have defaulted on your student loans?
In the US, the answer is no, unless you rehabilitate the defaulted loans for 12 months or unless you consolidate the loans. A person with defaulted federal loans is not eligible for additional federal assistance until the default status is rectified. Once the loans are rehabilitated or consolidated, you will then be eligible to go back to school and receive additional loans or grants. If you need help consolidating your federal student loans, click on the link below this text box.
Will you still be able to attend college if you owe student loans?
Yes, if you are not taking additional loans out you can go back to school. If you do want to take additional loans out, you need to consolidate the defaulted loans first. You can get help with the consolidation at www.defaultms.com
When do you have to start paying back a school loan?
It depends on the loan, most student loans do not go into default for six months after you graduate, or drop below certain course hours. Some loans can be deferred for 6-9 months, or until you graduate.
Do congressional children pay back student loans?
They are not automatically forgiven their student loans, if that's what you're asking. The word "loan" implies that it's supposed to be paid back. Some children of congressmen might default on their loans, but they're on the whole not treated (at least in theory) any different than anyone else.
How to Avoid Defaulting on Student Loans?
It's almost impossible to imagine getting a college education without getting a student loan, and while most students make a concerted effort to repay the money that they borrow, some students for a variety of reasons have loans that go into default. Defaulting on these loans can have serious consequences. There are a few things a student should keep in mind if he feels he's nearing default on a loan, which can help save him future grief and get him back on the right track.Student Loan Default Quick FactsStudent loans are one of the few debts that a person cannot discharge through bankruptcy. It doesn't matter if the student has completed his degree program or hasn't yet found a job after graduation. A student's loans go into default between 270 and 360 days after the due date if he has not paid on them. To avoid this, the savvy student should seek financial counseling before he embarks on his school career. A financial aid counselor in his school should be able to tell him what to expect when his loans are due and what his options are if he cannot pay.Default ConsequencesNot paying back a student loan can wreak havoc on a student's post-college life. Among the steps that the federal government can take to get the student to repay his loans are wage garnishment, suing the student for the whole amount of the loan and withholding social security benefits. Additionally, the default of student loan will affect the student's credit rating for many years after he defaulted, making it difficult for him to purchase necessary big ticket items like a home or a car in the future.Getting Loans Back on TrackStudents can defer paying on their loans if they are not employed or under employed after graduation. Additionally, some students are eligible for modified repayment plans based on their income, which allows them to pay their student loans back in smaller monthly amounts. Before a student begins his college career, he should sit down with a school financial aid counselor to get guidance. This school administrator can introduce the students to alternative methods for paying for school as well as educate him on how to borrow responsibly.To learn more, visit FinAid.Org [http://www.finaid.org/loans/default.phtml] or the Federal Student Aid website [http://studentaid.ed.gov/PORTALSWebApp/students/english/index.jsp].
Can a student loan garnish you while you are already being garnished?
No, you will not be eligible.If you need help getting out of default, or getting a garnishment lifted, then contact Default Management Services, Inc. for help. You can Google the name for a phone #. Ask for Doug, he is knowledgeable.
What exactly is a school loan?
A school loan is money provided to you because you are a student, and you have to pay it back because it is a loan. Most student loans do not require you to begin payments back until your graduate.
Should I apply for student loans?
If you have the money to pay for school do it. Taking out loans is a good option if you are in need of money, but anything that is taken out does have to be played back.
Can you get student loans with back taxes?
yes
