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Defaulted student loan

Date: Fri, 04/30/2010 - 05:40

Submitted by anonymous
on Fri, 04/30/2010 - 05:40

Posts: 202330 Credits: [Donate]

Total Replies: 5

Defaulted student loan


Good day, Nelly!

Since I've been unemployed and nearly lost everything, including my house, I've decided to go back to school and obtain a degree in Education. After I applied for Federal Financial Aid, I was told that there was a defaulted student loan on my record. But, I paid my student loans years ago. Also, I was told to reconcile it that I had to contact the school I attended years ago.

Since January of this year, I've sent a letter, a registered follow up letter. I've sent an email and a fax. But, still, the college does not reply to my letter. They need to either validate the student loan or send me a closed letter. Also, the NSLDS, this agency overseas student loans, does not have any record of the student loan on file for me.

Do you have any suggestions for me to resolve this issue?

Thanks for your help,
Rob K


Quote:

Originally Posted by SOAPLADY
have you called the school. They dont HAVE to validate it or send you a closed letter....nothing in the law that says that. I would call them and tell them what FFASA said...and if there is nothing there, get in touch with FFASA.

Yep, I called, faxed, emailed, sent a letter normal mail and sent a registered letter. No one ever replies to my request. Thanks for your insight.


lrhall41

Submitted by anonymous on Fri, 04/30/2010 - 09:01

( Posts: 202330 | Credits: )


No you are not in repayment...you are in garnishment. Only way to get aid now is to rehab your account which requires 9 on time payments over and above your garnishment...you regain financial aid eligiblity after the 6th payment and after the 9th you will rehab. Failure to meet the rehab during months 7 - rehab funding would mean your aid would be pull back immediately.


lrhall41

Submitted by SOAPLADY on Sat, 05/01/2010 - 13:49

( Posts: 17315 | Credits: )