Nice try but the RATS aint THAT stupid.
If you have any capital assets or investments you will be ineligible. If you made regular payments and only defaulted recently you will be ineligible. If you have income you will be ineligible.
This will be just for poor borrowers. e.g. The RATS constituents.
I am in luck then!
I just got laid off this past Friday and currently have NO income coming in.
So I guess I will be eligable then?
Don't worry about me just yet though, my wife and I have enough money to get us through a couple of months of us both not working so I am ok for now and I should have a job by the end of the week.