I have an out standing student loan which has'nt been paid off for many years?
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If all else fails there are private loan options for education. They work similarly to Federal Student Loans but can carry higher rates and don't have some of the other benefits. New programs will be coming out soon to improve your options in this area so if you can wait (after July 1st) to apply.
If you need the contact information to your lenders and servicers don't hesitate to call. I do have access to the National Student Loan Database System and can look this up for you.
Good Luck!
I have an out standing student loan which has'nt been paid off for many years?You need to have documentation of a catastrophic event. In other words a VERY good reason like someone you know died , you were going through financial hardships etc.You can't just tell em' you gotta back it up with something concrete.
I have an out standing student loan which has'nt been paid off for many years?If it's the Stafford loan, you will need to make payment arrangements with the Department of Education. You will need to make 6 months or 6 consecutive payments before you'll be able to get another Stafford loan.
If your student loan is from a private loan company, you'll want to follow their rules to pay back, and if it's a private loan it won't effect your federal Stafford loan (via FAFSA).
Don't let this discourage you, if you really want to go back to school, set up the arrangements with the Department of Education. Also, if something would happen again like this, your lender is VERY understanding when it comes to financial hardships and as long as you keep in contact with them they will work with you. 100% guaranteed. They don't want your loan to go into default, they want to help. I promise.
I have an out standing student loan which has'nt been paid off for many years?lol, sorry, but I don't think the university cares about a letter of forgiveness. If you didn't take the responsibility to pay off your old loan then they aren't going to loan you money because you probably won't pay off the new ones either. Here's an idea...pay off your old loan. Then, when it's paid off, you can go to college again. Money will probably be tight in the meantime, but I'm sure it is doable. If you aren't willing to work hard enough to do that, then you probably won't make it through college anyway.
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