<p>I attended college in fall 2012, dropped out, and haven't repaid any of those loans. I have decided to return to a different school fall 2014 and have received a full presidential scholarship. I have to fill out the FAFSA to receive this scholarship. Will the unpaid loans I have affect my FAFSA in any way????</p>
<p>I don’t know if Federal government still process your FAFSA if you defaulted on your loans. However, you may lose eligibility for additional federal student aid. See “What are the consequences of default?” on <a href=“http://studentaid.ed.gov/repay-loans/default”>http://studentaid.ed.gov/repay-loans/default</a></p>
<p>It might, you should talk to the school financial aid office to be sure. Also see what you can do to bring the loans current (if you’re not working you should be eligible for a forbearance or something and a deferral when you go back to school). </p>
<p>Did you submit your transcripts from your first school, even though you dropped the classes/? Did you even inform the current school that you were previously admitted to college?</p>
<p>This could pose a problem if you did not (as the school could viewed you as misrepresenting your self)</p>
<p>Do you mean you’ve been making payments on the loans but not fully repaid them or that you haven’t been making payments at all? </p>
<p>i have not made any payments. i work a part time job where i make less than $200 a month so there’s no way i could afford to do so.</p>
<p>Just curious…what school will give a Presidential Scholarship of a “full amount” to a TRANSFER student? Does the school know that you’re a transfer student?</p>
<p>i’m not a transfer student. i did not receive any credits for the classes i withdrew from. </p>
<p>You still have attended college previously. Is that the new school’s definition of transfer student or yours. The new school may view it differently.</p>
<p>THere are ways to deal with repayment of federally funded college loans if you are underemployed or unemployed. Ignoring that you OWE these is no an option.</p>
<p>The implication of your first post is you were at the school long enough to need to pay for the term. Is that correct?</p>
<p>I agree with others. Did you tell this new college that you had previously attended college? </p>
<p>Back to your question…it sounds like you are digging yourself a hole. First, you don’t make any attempt to deal with repayment of college loans (you would be paying about $20 a month…or maybe could defer entirely based on your income…but you needed to apply todo so). Then you applied to a college and it sounds like you didn’t tell them you had been previously enrolled elsewhere. Now, it sounds like you realize this all could be an issue…and it well could be.</p>
<p>In addition to not having paid those loans, if you dropped all of your courses, you certainly did NOT meet SAP (satisfactory academic progress), and that could prevent you from receiving certain types of aid.</p>
<p>The school defines a transfer student as someone who has earned 12 or more college level credits. I have not therefore I am a freshman applicant. </p>
<p>Did the school still require a transcript from the previous school and did you send it? Is the new school aware of your previous attendance?</p>
<p>If any portion of your financial aid is federally funded, you will not be eligible to receive it if you have defaulted on your loans (not paying is default). You need to check with YOUR college to see what implications there are.</p>
<p>In addition, you really need to deal with this loan repayment. Right now, you are racking up interest as well as PENALTIES. And this will continue and compound. If you are looking at a Direct Loan only,mand for one term only, you are looking at repaying a total of $2750…not including the two years of interest and the penalities. Now, if you have private loans, that is another matter entirely. </p>
<p>Just remember, Direct Loans MUST be repaid. They cannot even be discharged in bankruptcy.</p>
<p>ETA…I just looked at my DD’s college application form. It asks…"have you ever been enrolled in college courses? Yes/no. My daughter had taken ONE dual credit college course and was required to provide a transcript for it to the colleges she applied to. If there was the same question on YOUR application, I hope you answered it honestly.</p>
<p>i applied back when i graduated high school and they said i didnt need to re-apply this time around, so i was not asked that question. </p>
<p>Call your lender. If you are as poor as you state ($200 per month) you should be able to get a deferment for income (or lack thereof) but I think you have to fix the delinquency first.</p>
<p>So are you saying that you have been accepted to this college with a Presidential Scholarship based on the application you submitted in 2012? </p>
<p>Sorry, not buying it.</p>
<p>Somewhere in this story, you are being less than truthful. If you submitted an application in 2012, you would have gotten a decision on that application. If you were accepted, you declined the admission (minimally they would ask for your hs transcript as proof of graduation and probably new recommendation letters). If you deferred, which I doubt, you broke the deferral agreement by registering at another school.</p>
<p>Yes, some schools will hold your application for 2 years, but many will make you file a new application, because they want to know what have you been doing. Are you trying to say that your school has not asked you what you have been doing for almost 2 years. Either way there truth will come out on the financial aid end. when they see your fafsa and you try to figure out why you have not received fed aid. </p>
<p>Please call your servicer IMMEDIATELY. Never ignore loans!!! Get yourself in an income-based repayment program before you default. If you do not know your servicer’s contact info, go to <a href=“http://www.nslds.ed.gov”>www.nslds.ed.gov</a> to find it.</p>
<p>Loan repayment is like death and taxes … you aren’t going to get out of it. Do not ignore it.</p>
<p>If you have to fill out the FAFSA the loan status will come to light. Take the advice and make the calls to get your account in good standing/out of delinquency. Either by paying what you need to or getting in a deferral situation.</p>
<p>If you truly didn’t have to fill out a new application and they didn’t ask you about previous college then I suppose you haven’t been dishonest. Make sure you don’t cross that line.</p>