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undergrad loans, forbearance=default?

Discussion in 'Financial Aid' started by asteroid, Jun 19, 2002.

  1. asteroid

    asteroid New Member

    2
    0
    Jun 7, 2002
    HI, i'm going to defer payments on my undergrad loans, but the thing is for a while after i graduated i was unemployed and applied for a forbearance. Does that mean i've been in default on this loan? I know that if you are in default on any loan you will not get approved for any other loans so this is kinda worrying me. thanx asty
     
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  3. Whisker Barrel Cortex

    Whisker Barrel Cortex 1K Member 10+ Year Member

    1,785
    19
    Aug 10, 2001
    Midwest
    As long as you went through the paperwork for the forbearance and kept it going the whole time you were unable to pay this will not be considered defaulting on your loans and will not affect your future financial aid.
     

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