How can I get out of default with student loans?

I would like to go back to school but I can't because I'm in default

does anyone know how I can get some assistance.How can I get out of default with student loans?
Contact the servicer of the loan. They will be able to determine the best way to handle the default. If you haven't consolidated your federal student loans yet, you may be able to consolidate the loans. This will get rid of the default status immediately. But be careful and read the fine print. If you consolidate a Perkins loan as part of the consolidation, all of your loans will become unsubsidized, accruing interest while you are enrolled.



If consolidation is not an option, you may rehabilitate the loan by making 9 on-time monthly payments. Once this has been done, the default will clear and you will again be eligible for federal financial aid.



Once you are enrolled in school at least half time, you will not be required to make payments on your loans because of the in-school deferrment.



This information is only true if these are federal student loans and not private alternative loans.



Good luck.How can I get out of default with student loans?
if you go back full time, you can put your payments on hold until you're done.
lemme see? Hmmmm..........how about pay your bills.



Yea, that should do it.
It might help you pay your bills if you can lower your monthly payments through student loan consolidation. Check out this article for more detail on that... http://www.joblessncollege.com/personalf鈥?/a>
Most likely you can go back to school and be eligible for financial aid if you contact your previous lenders and agree to make ';good faith payments'; with them. Good faith payments can be as little as $10/month..the point is that after you pay whatever you can afford to pay for 6 months or more you are considered to be in good standing to get Title IV Financial Aid. You should send a copy of your budget and the suggested amount you can pay each month. You have to keep paying the good faith payments after you go back to school..the whole point is that you keep paying even though you cannot afford the amount the lender wants you to pay. It shows that you are reliable and responsible. Even if the lender says ';No, we want xyz amount'; you just keep making those good faith payments and after 6 months you will be able to file for financial aid again and depending on your financial circumstances, will receive a financial aid amount to pay towards school. You must make the good faith payments with every lending institution you owe from your previous college days and you must keep making your good faith payments.

Also you can go to the Financial Aid office of the school you want to attend and see what advice they can give you. Financial Aid Representatives are supposed to help you get enough money from various Financial Aid institutions to attend their University/College.

You can also call the United States Board of Education about any back loans. Ask about good faith payments. Do not take ';No'; for an answer. Just send them your budget and start making the payments but talk to them because their office is the office that can allow you to receive Title IV aid when you go back to school. They should also be able to answer your questions.

Finally, I suggest that you take a look at

www.fastweb.com

They have a lot of information about how to pay for school as well as many scholarship opportunities that have nothing to do with your previous loans.

Good Luck :)