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    Student Loans

    I am not sure if this is the appropiate place to post this or not so I am apologizing in advance if not. I am starting graduate school and I notice that my loan approval amount is pretty low, I don't even think that it will cover all my books after tution is paid. I am now one year out of BK, does a BK affect your student loan status?

    #2
    Welcome to BK Forum, dobetter!

    Originally posted by dobetter View Post
    I am not sure if this is the appropiate place to post this or not so I am apologizing in advance if not. I am starting graduate school and I notice that my loan approval amount is pretty low, I don't even think that it will cover all my books after tution is paid. I am now one year out of BK, does a BK affect your student loan status?
    The FinAid website does a great job explaining how bankruptcy impacts getting student loans - http://www.finaid.org/questions/bankruptcy.phtml . They note that generally speaking, a bankruptcy should not have an impact on eligibility for federal student aid but can definitely impact your ability to qualify for private student aid. Please come back and let us know if any of the information they provide is helpful in your situation. Good luck!
    I am not a lawyer and this is not legal advice nor a statement of the law - only a lawyer can provide those.

    06/01/06 - Filed Ch 13
    06/28/06 - 341 Meeting
    07/18/06 - Confirmation Hearing - not confirmed, 3 objections
    10/05/06 - Hearing to resolve 2 trustee objections
    01/24/07 - Judge dismisses mortgage company objection
    09/27/07 - Confirmed at last!
    06/10/11 - Trustee confirms all payments made
    08/10/11 - DISCHARGED !

    10/02/11 - CASE CLOSED
    Countdown: 60 months paid, 0 months to go

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      #3
      And please let me know as well.... I am a current student and need to know as well I am taking some graduate courses as well and need a loan for the spring semester and was wondering how I can be affected.

      Also is ur loan private?
      Discharged... 2/13/07 Closed... 2/20/07
      Ochard Bank $600 Household Bank $600
      Hooters Card $1000 Target Store Card $500
      Discover HSBC $300

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        #4
        Originally posted by Princesskina View Post
        And please let me know as well.... I am a current student and need to know as well I am taking some graduate courses as well and need a loan for the spring semester and was wondering how I can be affected.

        Also is ur loan private?
        I'm a grad student and I have federal loans. THe BK has had no affect on my financial aid at all.
        Filed CH7 - 10/13/05;
        341 Meetings: 11/28/05, 3/20/06, 12/4/07 (3d time's a charm!)
        Converted: 2/15/06 (to CH13), 10/15/07 (Back to CH7)
        DISCHARGED: 2/15/08

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