Question on the consolidation of defaulted student loans …?

I took a student loan 5 years ago to attend college. Defaulted on loans (financially unable to pay). Collector for the Texas Guaranteed Student Loan Blah Blah called me yesterday, and guided me through the steps of applying online for consolidation of the outstanding loan here: It www.loanconsolidation.ed.gov says he is a government program established to give people who have defaulted on loans to students a second chance. Gentleman told me that if my application is approved (and it probably will), it is processed, history will show that I owe money on a student loan. The question is when the record shows my new situation (consolidated loan, debt no longer shows up, etc.), can I ask for and get another loan student?

Usually you make 6 on payments before they clear your default completely. You can go to NSLDS.ed.gov and you will be able to view your credit history. At the moment your loan is considered in a default state, a Once the default status is eliminated, then you will be able to apply late. assistance. Or as soon as you receive a letter from the Department of Ed (not a lender or service provider), but directly from the Department of Ed, so you can ask for federal assistance again. Keep good records of all documents relating to compensation for your default, you will probably need to turn the paperwork in the Financial Aid Office at school that you wish to attend. Good luck