I have 3 student loans that are in default and I'm trying to figure out the best way to go about this. If I were to consolidate them, does that still mean they're in default? I really want to go back to school ASAP, but I don't know if I'd be eligible for Pell grants again if I just consoidate. I know that rehab is probably my best bet, but if it would let me go back to school sooner, I'd be willing to consolidate instead. It's really late, so I hope I worded this in a manner that's easy to understand.

Thanks!

If you want to go back to school quickly, you can consolidate and regain your FA eligibility. Rehab takes 9 months to complete, however after 6 on time monthly payments, you can get your FA including Pell back.

Thanks for the info! I think I'll just be patient and rehab them. Then I can go back to school in August. Although, just to clarify what you said.......whichever option I decided on, I'd qualify for Pell grants and student loans again? I know with rehab I would, but I was confused about the consolidation. I couldn't find anything in the boards that specifically said (which is why I posted in the first place).

Thanks

As long as your loans are out of default by whatever means, you qualify for more loans and pell.

Thank you! I'm sorry to be dense. Sometimes it just helps to have it broken down into the simplest of simple terms. I also wanted to make sure there was something easy to understand for other people reading this.