26 May This page solutions popular questions about the relationship ranging from personal bankruptcy and you will financial aid, such college loans
The first address questions this new feeling regarding bankruptcy on the qualification getting figuratively speaking. Next respond to covers whether or not student education loans will be discharged courtesy case of bankruptcy.
By way of Tap Somers of the Univ. from Arkansas during the Absolutely nothing Material and you will Art Bilski of your Illinois Student Recommendations Percentage because of their assistance with which point.
Down seriously to those people alter, a debtor who'd FFELP financing in past times released in the personal bankruptcy try no further necessary to reaffirm those individuals fund before receiving more government student services
The answer to this question is an intricate you to while the numerous circumstances are involved. This will depend to your character of the student loan apps (federal otherwise personal) therefore the brand of case of bankruptcy.
Regardless of the activities trailing the latest bankruptcy proceeding, new beginner is always to chat to the new educational funding manager at the school he intends to sit-in, and you may explain the problem. New financial aid officer can publication brand new student to certain financing programs otherwise lenders that can match their requires.