BK & Loan

Recently my husband is filing for Bk for his unemployment situition . It is ongoing. We have no student loan My question is after getting BK in chapter 7 , will I get federal loan for master’s degree ? Can I get any kind of loan for my master’s degree within next 2 years?

FYI, I moved this thread to the proper section of the forum.

If your husband if filing and not you, then you should be able to acquire a loan for the reason of returning to school. Even if you're filing jointly, the BK wouldn't dis-qualify for a school loan.

I saw in the direct loan application , they do creidt ckeck. So it is possible. could you
please explain ?

I saw in the direct loan application , they do creidt ckeck. So it is possible. could you please explain ?It is possible to get student loans after filing bankruptcy. Read all about it here - http://www.finaid.org/questions/bankruptcy.phtml . Pay special attention to the first section, Bankruptcy and Eligibility for Financial Aid. Good luck to you!

It is possible to get student loans after filing bankruptcy. Read all about it here - http://www.finaid.org/questions/bankruptcy.phtml . Pay special attention to the first section, Bankruptcy and Eligibility for Financial Aid. Good luck to you!

go directly through the governent site; www.ed.gov
They will check your credit to see if you've defaulted on a student loan. Other than that- they won't deny you based on credit. Their student loans are based on need. Private lenders on the other hand- will deny you due to credit. Or give you an outrageous interest rate. The federal loans are capped at 6.8%, and your school will verify for them how much you qualify for in regards to tuition fees.