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Sallie Mae, Wells Fargo or Parent's Plus

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    Sallie Mae, Wells Fargo or Parent's Plus

    Hello-

    I will need to take out a loan to help my son pay for college and my BK7 was discharged in June 2008. Do I have a chance with getting any of these lendors?

    #2
    It looks like a Chap 7 that's over 5 years old will not disqualify you from a parents plus loan. https://studentloans.gov/myDirectLoan/faqs.action

    I can't find similar information for Wells Fargo or Sallie Mae. Try calling them and asking.

    I hope you have explored all other options, including your son taking is own loans, before putting yourself on the hook.
    LadyInTheRed is in the black!
    Filed Chap 13 April 2010. Discharged May 2015.
    $143,000 in debt discharged for $36,500, including attorneys fees. Money well spent!

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      #3
      Thank you

      Yes, since he's only allowed to borrow $5500 I will need to take out a loan to help.

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