How Do Drug Charges Affect My Student Loans?
Losing Your Federal Student Loans
How do drug charges affect my student loans? If you are convicted of a drug crime, you are ineligible for federal student loans anywhere from one to two years from the date of the conviction. If you are convicted a third time, you are indefinitely ineligible. As you can see, being convicted of a drug crime has serious and even permanent implications on your federal student loans.
If you already have federal student loans and are convicted of a drug crime, you must immediately provide notice to your financial aid department. Your loan will be taken away, and you will be responsible for paying back any money already received since the date of conviction.
Federal student loans include:
- Pell Grants
- Stafford Loans
- Federal PLUS Loans
- Work Study Loans
- Perkins Loans
Any student who has been convicted of a drug crime or is facing drug charges needs to seek criminal defense representation immediately. The implications on your federal student loans are serious. As a criminal defense attorney with more than 15 years of experience, I can help you avoid a conviction and the loss of your federal student aid. In some cases, rehabilitation programs can be completed to help you gain eligibility.