private education loan default

  • Creator
    Topic
  • May 19, 2019 at 12:03 pm #2412315
    j_accountant
    Participant

    Can defaulting on a private education loan be grounds for being denied the right to sit for the exam or get licensed? The default hasn’t hit my credit score but it shows up in those online credit bureau sites.

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  • May 20, 2019 at 12:21 pm #2414553
    El
    Participant

    No.

    B - 83 (expired), 91

    A - 68, 81

    R - 75

    F - 82

    May 20, 2019 at 1:23 pm #2413581
    PNS2CLT
    Participant

    Your personal finance situation will not impact your ability to sit or get licensed.

    May 20, 2019 at 4:30 pm #2415123
    PJ
    Participant

    ^That actually is not 100% true. I know in IL default on a student loan actually can prevent licensure. That may not apply to private student loans, though. OP, your best bet is to confirm with your state board.

    AUD - 83
    BEC - 92
    FAR - 92
    REG - 91
    Licensed in IL
    May 21, 2019 at 7:36 pm #2417595
    El
    Participant

    Wow. So they penalize someone in debt by restricting their future earnings?

    B - 83 (expired), 91

    A - 68, 81

    R - 75

    F - 82

    May 21, 2019 at 9:44 pm #2417820
    Tncincy
    Participant

    Make arrangement with your student loan servicer to get out of default. They will work with you, but you have to have the intention to pay off the debt. Get out of default for more than your license. How about your credit.

    It begins with a 75
    Been here too long as a cheerleader.....time to pass

    It begins with a 75
    Been here too long as a cheerleader....ready to pass

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