ela805
06-17-2009, 09:21 AM
I'm planning on entering a Master's program. I could enter this summer, but my bk isn't due to be discharged until the first of July or so. I will definitely have to rely on students loans to go to school. Do I have to wait til bk is discharged to do a FASFA??
Thx in advance.
I am going to be in a similar situation, here's what I found:
Can you still get a Federal guaranteed student educational loan after you have filed bankruptcy?
Unlike most credit, the granting of government guaranteed educational loans is not based upon credit history or income. They are instead extended if you meet the statutory and administrative criteria. Although default on an existing educational loan may effect your ability to get a subsequent loan, the filing of a bankruptcy in itself should not. As a matter of fact, under § 525 of the Bankruptcy code the government is restricted from discriminating against those who have filed bankruptcy. For more information on educational loans, you can check with The Financial Aid Information Page, or the financial aid office at your local college.
http://www.doney.net/faq_credit.htm
ela805
06-18-2009, 04:15 AM
BKC, thanks for the reply and the great info. I have decided to wait til Fall to start the program so that things will be good and discharged.
Thx again! Good luck to you too!