View Full Version : Student loan in default can I still get aid?


alfeebester
I have a federal and a private student loan in default. If I pay off or rehabilitate the federal loan, can I receieve federal aid again or do I also have to pay off the private loan?

bhjayalaxmi
yes you can get but banks will allow certain time to apply for new loans.but certain banks have a option of renewal process.that is the best thing you can adopt for.

master01
Federal loan consolidation allows you to consolidate your outstanding federal education loans into a single new loan, even if your loans are currently held by more than one lender and are of different loan types. By consolidating your student loans, you can significantly lower your monthly payments by lengthening the term of your loans and locking in a low fixed interest rate. Most importantly, you can save thousands of dollars during the entire repayment term.