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Most private loan lenders require an international loan applicant to also have a U. Federal regulations prohibit the awarding of additional federal student aid (FSA) to students who have defaulted on a federal student loan. Department of Education has established the following three methods to resolve a default status: After a default status has been resolved, sufficient documentation must be sent to the school indicating that you have regained federal aid eligibility.
However, you can regain eligibility for FSA by resolving the default status. Per federal regulations, the documentation must be from the entity that reported the default to NSLDS.
Liberty University will not process a credit decision on any Federal PLUS loans and will only accept the official credit decision offered by the U. After graduation you have a choice: You may either make individual payments to your previous lender(s) and to the U. Department of Education, or you can consolidate your loans into one payment with the U. Department of Education through a Federal Direct Consolidation Loan.
Canadian students who are considering attending Liberty University can review Canadian Student Loan options.
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