Chexsystems strike

Paying for College
1

<p>I have a record on chexsystems, owe a particular bank 145.22 $</p>

<p>I know when I pay it off (which I’m doing very soon), the strike will still be there. With this strike, will it be impossible for me to find a lender for federal student loans? Or do they not check chexsystems for subsidized student loans?</p>

2

<p>Am I misunderstanding how the aid works? Do I have to open an account at the specific lender? Do I need a checking account (something I don’t have at the moment). Or do they just send the checks to you? I’m very confused. Can someone clear up the confusion?</p>