These pages answers preferred questions about the relationship between case of bankruptcy and you may financial aid, particularly student education loans
Using Pat Somers of Univ. regarding Arkansas at the Absolutely nothing Rock and you will Ways Bilski of one’s Illinois College student Direction Commission because of their assistance with which part.
The answer to this question for you is an intricate one to since the numerous situations are involved. It depends into the character of your own student loan applications (federal or personal) and also the sorts of bankruptcy proceeding.
Long lasting items trailing brand new case of bankruptcy, brand new student is talk to the new educational funding manager at the college or university he intentions to attend, and you can give an explanation for condition. The brand new financial aid manager may be able to guide the new student to certain loan software or lenders that complement their means.
The following address covers whether figuratively speaking is discharged as a result of bankruptcy proceeding
Some time ago people who’d its federal figuratively speaking released as a result of bankruptcy proceeding was basically needed to reaffirm your debt under control to be entitled to after that government scholar services. Although Personal bankruptcy Change Act off 1994 (P.
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