When are you in 'default' for a student loan?

Answers:1   |   LastUpdateAt:2012-10-21 18:56:02  

Asked at 2012-09-24 02:06:03
Hello. MedlinePlus I 'm in the middle of the transfer of a CC California at Cal Poly Pomona for the upcoming Spring 2012 Quarter . Most completed my courses I enrolled in a class of 4 Mathematics default that left me registered as " below the half-time" student. Fast forward to December, my first payment and I missed it , moved in the middle of those months and had trouble getting my mail. The next is due in just a few days , but with all the expenses associated with the transfer of my doubt it will be able to arrive on time . Moreover , reading the CPP financial help page states that in order to receive financial I can not be in arrears with earlier loans . MedlinePlus MedlinePlus To summarize : MedlinePlus Will is a month late on a student loan , and perhaps a few days in the next, I do fall into default and lose all hope of financial support to Cal Poly Pomona ?
Answer1JesieAnswered at 2012-10-21 18:55:22
If you are still within the "Add / Remove " period, add another 2 classes (4 units each) to reach the mark of the unit 12 . I think , yes , if you are in default on a student loan , you may not be eligible for extra help . But talk to your fin aid department . It might give you some options . For my part , I am struggling to get a little help from my school fins because my parents have high incomes . Good Luck !
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