Can I receive financial aid if I've defaulted on federal student loans?

Answer Right now if you are defaulted on federal student loans, you are not eligible for any financial aid. That includes grants as well. What you have to do is contact the agency that is handling your de... Read More »

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Can you receive federal student financial aid if you have a felony?

Often, convicted felons wish to better themselves by obtaining a college degree. As long as their offense is not drug-related, there is federal financial aid available to them. To apply for financi... Read More »

How to Fix Defaulted Student Loans?

A student loan that goes into default occurs when no payment has been made on the account for more than 270 days, and can dramatically lower your credit score. Once the student loan defaults, it go... Read More »

How to Get a Second Chance When I Have Defaulted Student Loans?

Defaulting on student loans results in severe consequences, including damage to your credit rating and an inability to obtain future loans. Receiving a second chance after default is possible, but ... Read More »

I defaulted on a student loan, It was paid in full 5 years ago. Is it possible to get new loans for education?

Once a defaulted loan is paid in full you regain eligibilty for Title IV funding (financial aid), but your credit record will continue to show the defaulted loan for 7 years. If you are totally pa... Read More »