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Palm1993's avatar

Do I need to pay off both student loans before I can receive FASFA agian?

Asked by Palm1993 (4points) January 21st, 2021

I went to community college for two years then transferred to a four year college well I quit school two years ago and my school loan from the four year school went into collections my loan from community college is a forbearance loan. My questions is if I pay off that loan that went into collections then decide to go back to school will I be eligible for FASFA without paying the two year off?

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3 Answers

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jca2's avatar

Did you look at the FAFSA website?

jca2 (16892points)“Great Answer” (0points) Flag as…
elbanditoroso's avatar

There’s a pretty good chance you have to pay it off. The Biden administration is talking about some program to pay off student debt, but I would think that it’s only going pay off for people who got a degree (i.e. finished school) – very unlikely for them to pay off loans for someone who dropped out.

@jca2 is right, call and ask, but don’t get your hopes up.

elbanditoroso (33577points)“Great Answer” (1points) Flag as…

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