Student loan after bankruptcy

Date: Fri, 03/26/2010 - 20:59

Submitted by anonymous
on Fri, 03/26/2010 - 20:59

Posts: 202330 Credits: [Donate]

Total Replies: 3

Student loan after bankruptcy

I am considering going back to school to finish my studies. However, in 2007 me and my husband, we jointly filed for bankruptcy and it is still on our credit reports. Would it cause problems if I want to take out a student loan?

Go to the school and talk to the financial aid people. Could be

Go to the school and talk to the financial aid people. Could be you are eligible for grants that you won't have to pay back and they can tell you if you qualify for loans or not.

lrhall41

Submitted by goldenbast on Fri, 03/26/2010 - 21:40

( Posts: 2884 | Credits: )

I guess, you may be eligible for government loans after bankrupt

I guess, you may be eligible for government loans after bankruptcy but no way for private loans. As Title IV funding or government backed loans are granted not on the basis of creditworthiness but according to needs as long as you don't have eligibility issues.

According to Chapter 7 & Chapter 13, bankruptcy may stay on your credit report for 10 years. But in Chapter 13 it is generally removed after 7 years.

lrhall41

Submitted by Chris Samuels on Sat, 03/27/2010 - 07:22

( Posts: 174 | Credits: )

SImply put, you do qualify for federal loans and grants after ba

SImply put, you do qualify for federal loans and grants after bankruptcy. They are not credit based.

lrhall41

Submitted by SOAPLADY on Sat, 03/27/2010 - 14:40

( Posts: 17315 | Credits: )