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    brownsugar8910's Avatar
    brownsugar8910 Posts: 1, Reputation: 1
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    #1

    Jan 3, 2008, 07:05 PM
    Getting finanical aid when in or out of defalt
    :confused: Hi I am a single mother in South Carolina and I need to find out how can I get financial aid to go back to school when I am still paying on loan from college before. Mind you the loans where in defalt and I don't know if they are out of defalt. I would like to have some grants to please help if you can.
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
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    #2

    Jan 3, 2008, 07:40 PM
    Having loans that may have been pass due or in default will make it harder.
    What you need to do is contact the college and talk to their finicial aid department, they will know of varoius money from national, state and often even local places.
    Financialaidguy's Avatar
    Financialaidguy Posts: 18, Reputation: 2
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    #3

    Jan 8, 2008, 09:44 PM
    First of all it sounds like you aren't sure if your loans are in default. You need to get the loan squared away and get back on track to pay for it.

    To answer your question based on the limited information you supplied, I would say that you will not get any financial aid, especially if you have defaulted on a government insured student loan. It doesn't mean that another third party lender such as National City will not give you a loan, but the chances are low and if they did, the interest rate and terms would make it very unattractive.

    I would like to help you on this but you need to give me some more details.
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