Saturday, October 31, 2009

If you default on a Federal Student Loan, then pay it back, can you receive another Federal Student

or other education grants?



If you default on a Federal Student Loan, then pay it back, can you receive another Federal Student Loan or ..

Yes you can. But it may take a while for the reporting system to %26quot;catch up%26quot; to it being paid off. Be sure you get a letter from the lender saying the loan is paid in full. You can then show that letter to the school when your fafsa comes back saying you are in default.

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