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Effect of Private Loan Defaults on Federal Loan Eligibility

Submitted by Deanne Loonin (not verified) on October 21, 2008 - 11:14am.

In general, you should not be prevented from getting a federal loan b/c of a default on a private loan. This is b/c federal loans, with the big exception of PLUS loans, are not given out based on your credit history/score.

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