If a federal student loan is sold to another lender after being in default?
Is it normal to be able to put that into deferment until you are finished with school while you are with the new lender?
Once you are in default, you need to rehabilitate the loan by paying on time for at least 6 months (maybe 12), then you can be put back into deferment, apply for new loans, etc. You may be able to claim financial hardship and ask for a forbearance if it only recently went into default and have the default status withdrawn though. If you have become disabled, you may even be able to have your loans forgiven.
The thing is, you need to talk directly to the Department of Education. The lenders make a lot more money if you loan sits with them than if you take care of it with the DOE directly.
Good luck!
