Defaulted loan/Pell Grant eligibility
February 21, 2013 7:41 AM Subscribe
My daughter has a long-defaulted student loan. I am thinking of using my tax refund to pay off this loan, but I am wondering, will paying it off restore her eligibility for a Pell Grant right away? Or is there some kind of waiting period?
posted by Serene Empress Dork to education (3 answers total) 1 user marked this as a favorite
Their website says you can't have a student loan in default to be eligible, but I'm wondering if there is any fine print that addresses a recently-paid default.
I'm pretty sure she qualifies otherwise. She's 25, doesn't have a job, and has never received any grants for school before.