This seems to me the strangest situation...once you go into default, there is basically no help for you if you want to get out but do not have any income coming in. I amassed a good bit in student loans as an undergrad (still significantly less than the average probably)...and after getting out of school fell behind for a few years. Then decided to return to school. So, I am in grad school now. Unfortunately, I don't have the money to pay six consecutive payments. I barely have enough money for ramen noodles. Fortunately, I don't make enough to have my wages (a very small TA stipend )garnished...but that is not going to mean anything when I get out of school and there is a hold on my transcripts.
You would think they would be willing to compromise a deferment even if you are in default...if you are registered in school.
If anybody has any insight into this or experience I would love to hear about it.
