I have a financial aid debt I had to pay last week but it passed the due date and the letter that was sent to me said that if I didn’t pay withtin 45 days, last week, that it will be sent to the Dept of Education and I will not be able to receive financial in the country. Does this mean I can never pay it and will not ever receive money?
And also if I tried to get new job, will this be on credit check or background check?
Financial Aid Debt sent to Department of Education?
08
Jun
????
June 8, 2010 at 3:11 pm
call them and set up a new date to pay your debts
spalmer
June 8, 2010 at 3:25 pm
A lot of student loans are being sold to the Department of Education, even if they’re not in defaul. Mine are current, and 2 of them were recently sold to the Department of Education. Call your current lender and set up another payment plan. If it’s already been sold to the Department of Education, call them and set up a payment plan. If you have a student loan in default, you become ineligible for financial aid (loans and grants). However, once your loan is out of default, you do become eligible for financial aid again. If you have a student loan in default, it has probably already hurt your credit, so yes it will be on your credit check — all debts are.