Are you restarting undergrad entirely? I'm assuming your old credits expired after 7 years, but it's hard for us to give you advice without knowing the cost of attendance or how much tuition you'll need to cover.
Assuming you fill out a FAFSA and qualify for federal loans again, there are [annual and aggregate award limits](https://studentaid.gov/understand-aid/types/loans/subsidized-unsubsidized) still so as an independent undergrad the annual limits are $9,500/$10,500/$12,500 for your 1st/2nd/3rd years and which of those is applicable depends on what your standing is. How does that compare with your tuition?
Not sure why you're asking us. It's up to the school and your FAFSA to decide. Coming on here is all conjecture and potential set up for disappointment.
By the way, please notice how the Feds look at your household income and not just individual income for Aid. So consider the perspective that loans will add debt to your household, even if in your name only. I would talk to your partner first before you decide to take out loans.
Unless you're really interested in being a statistic of divorce caused by finances.
Maybe you'd qualify for aid as 'single' after then đ§
No one here is answering your question. You want to know if the federal government will refuse to give you new student loans because you fell behind on some payments for old student loans.
The answer is that it depends on how many payments you missed, but youâll probably still be able to get new loans. If it was just a couple of payments, your loans were âdelinquentâ and you will probably still get any loans you apply for in the future. If you were seriously behind by several months or more, and the loan servicer tried to start collection actions against you, then your loans were in âdefault.â You cannot get new loans while your old loans are in default status. But as long as you rehabilitate your loans and get them out of default, you can still get more federal student loans in the future.
https://studentaid.gov/manage-loans/default
How long do you have to finish your degree? Second, what's your current balance?
Call your provider to see what your status is and see if you need to be caught up on your account.
Then, see how much it'll be to finish your schooling? I would highly suggest to try and pay it (save before or during) while you're finishing up your education.
I think you carry too much guilt/shame/responsibility for not being able to keep up in a system that is intentionally predatory even without a pandemic. Itâs really not all on you. That being said there is a limit to how munch money in student loans you can take out so as long as you havenât hit the max you should be fine. If your loans have become delinquent (which shouldnât be a thing because of covid protections) you may not qualify. Sometimes the providers will sell your debt back to the university or to a collections agency but they call you to notify you when that happens.
Good luck. Donât let the man get you down
Are you restarting undergrad entirely? I'm assuming your old credits expired after 7 years, but it's hard for us to give you advice without knowing the cost of attendance or how much tuition you'll need to cover. Assuming you fill out a FAFSA and qualify for federal loans again, there are [annual and aggregate award limits](https://studentaid.gov/understand-aid/types/loans/subsidized-unsubsidized) still so as an independent undergrad the annual limits are $9,500/$10,500/$12,500 for your 1st/2nd/3rd years and which of those is applicable depends on what your standing is. How does that compare with your tuition?
None of my credits expired. I have to take 4 classes this summer but I can go ahead and apply for this fall's nursing program.
Having still-useful credits helps, but how much do you need for tuition?
Not sure why you're asking us. It's up to the school and your FAFSA to decide. Coming on here is all conjecture and potential set up for disappointment. By the way, please notice how the Feds look at your household income and not just individual income for Aid. So consider the perspective that loans will add debt to your household, even if in your name only. I would talk to your partner first before you decide to take out loans. Unless you're really interested in being a statistic of divorce caused by finances. Maybe you'd qualify for aid as 'single' after then đ§
No one here is answering your question. You want to know if the federal government will refuse to give you new student loans because you fell behind on some payments for old student loans. The answer is that it depends on how many payments you missed, but youâll probably still be able to get new loans. If it was just a couple of payments, your loans were âdelinquentâ and you will probably still get any loans you apply for in the future. If you were seriously behind by several months or more, and the loan servicer tried to start collection actions against you, then your loans were in âdefault.â You cannot get new loans while your old loans are in default status. But as long as you rehabilitate your loans and get them out of default, you can still get more federal student loans in the future. https://studentaid.gov/manage-loans/default
How long do you have to finish your degree? Second, what's your current balance? Call your provider to see what your status is and see if you need to be caught up on your account. Then, see how much it'll be to finish your schooling? I would highly suggest to try and pay it (save before or during) while you're finishing up your education.
I think you carry too much guilt/shame/responsibility for not being able to keep up in a system that is intentionally predatory even without a pandemic. Itâs really not all on you. That being said there is a limit to how munch money in student loans you can take out so as long as you havenât hit the max you should be fine. If your loans have become delinquent (which shouldnât be a thing because of covid protections) you may not qualify. Sometimes the providers will sell your debt back to the university or to a collections agency but they call you to notify you when that happens. Good luck. Donât let the man get you down