This page solutions popular questions about the connection between bankruptcy and you can financial aid, such as for instance student loans
The initial address concerns this new impact from bankruptcy into the qualification getting figuratively speaking. Another respond to discusses if or not student education loans might be released owing to bankruptcy proceeding.
Compliment of Pat Somers of one’s Univ. out of Arkansas on Absolutely nothing Material and you may Art Bilski of your own Illinois College student Recommendations Payment due to their help with this point.
Down to those people change, a borrower who’d FFELP money in past times discharged inside the case of bankruptcy try not any longer required to reaffirm people financing ahead of researching a lot more government scholar aid
The solution to it real question is an intricate you to definitely once the multiple circumstances are worried. It all depends towards nature of the student loan programs (federal otherwise private) additionally the particular case of bankruptcy.
No matter what affairs behind brand new bankruptcy proceeding, brand new pupil is to chat to the newest financial aid administrator at school the guy intentions to attend, and you may give an explanation for state. …