Published on Davenport University (http://www.davenport.edu)

Financial Aid > How do I apply for Aid? > Find / Apply for Loans > Loan Default Resolution

Loan Default Resolution

If you are already in default with a student loan, the information below will assist you in reestablishing your eligibility.

It is likely that the U.S. Department of Education (USDOE) has reported that you are in default on repayment of a student loan. This means that you are ineligible to receive any type of federal, state or Davenport University institutional aid. In order to resolve your default status, you must submit verification that your defaulted loan(s) are either paid-in-full, or in good standing. Acceptable documentation must be in writing and come from the holder of your defaulted loan(s).

If you are not sure what institution or agency currently holds your defaulted loan(s), you may access the National Student Loan Database (NSLDS) at www.nslds.ed.gov [1]. You will need your USDOE PIN to access the database.

If you do not have a PIN, you may request one at www.pin.ed.gov [2]. Once in the NSLDS site, you will gain access to a complete history of your student loan borrowing, with the status of each loan and the name of your loan holder(s). Contact information for your holder(s) is contained in your loan detail. Once you have received your written documentation, forward it to the Financial Aid Office immediately. Your financial aid file can not be processed further without this documentation.


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Source URL: http://www.davenport.edu/financial-aid/how-do-i-apply-aid/find-apply-loans/loan-default-resolution

Links:
[1] http://www.nslds.ed.gov
[2] http://www.pin.ed.gov