Can you apply for student loans if you currently have a student loan in default?

You can apply for student loans if your current student loan is in default, but you may be rejected from the financing opportunity. Future lenders will be wary about your ability to repay the new debt since you failed to repay your previous debt. Further, lenders may be concerned that your past lender will sue you for the outstanding balance, compromising your ability to make payments on any other loan. To give yourself the best opportunity at securing a new loan with fair financing terms, wait until you have resolved your current student loan default. Waiting just two years can give you a chance to rebuild your credit. 


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