CRYSTAL F asked:
I am filing for bankruptcy and I was wondering how this would affect my school. I just took out a student loan a couple of months ago and enrolled in college. My loan is not due until I graduate in 2 years. If I claim this in the bankruptcy will it affect me going to school?
I am filing for bankruptcy and I was wondering how this would affect my school. I just took out a student loan a couple of months ago and enrolled in college. My loan is not due until I graduate in 2 years. If I claim this in the bankruptcy will it affect me going to school?
You can’t put your student loans on your bankruptcy. Student loans are no longer dischargeable in any chapter of bankruptcy unless you can prove that repaying the loan creates an undue hardship on you or your family.
In addition to not being able to include a student loan in a bankruptcy, claiming bankruptcy clears out your past debt which changes your income to debt ratio. It will now appear that you have more disposable income which could affect the amount of future financial aid that you will qualify for.
Filing bankruptcy won’t effect you going to school at all. As a matter of fact, if you still want to take out federal student loans after you file bankruptcy you can because federal student loans require no cosigner and no credit check. As long as you are not default on any student loans and meet the Satisfactory Academic Progress standards at your school, you should be able to borrow away.
Be aware this is because student loans can not be included in bankruptcy… or maybe I should reword that. They can be included, but they won’t be discharged in bankruptcy. Occasionally you’ll find a shady lawyer who will charge you by the item and convince you to include them… but they WON”T be discharged when it goes before the court. Student loans never go away either… so even 10 or 40 years from now, if you haven’t paid them you are still collecting interest and will eventually repay it.
Hi, I am Mrs Nina Leo I lived in Canada with my son name Jameson and my aged mother. Sometime last year my ex husband left me to get married to another woman in United States living me all alone to take care of myself and the kid includeding the bills, 2 months ago I was in search for a loan of $75,000, as i was running out of money to meet up things for my family and I was scammed $6,500 and I decided not to involve my self in such business again, finally the Managing Director of(CLARKE LOAN FIRM) managed by Mr.CLARKE WILLIAM due to my personality and the fact that i needed money to fix things right. I made a trial and most grateful am I today; I was given a loan of $80,000 by this great firm. If you are truely in need of a genuine loan or financial assistance and you dont want to be scam knowing that you can be trusted and reliable, of paying back at the due time of the funds I will advice you to, contact them today via email: I am feed up of this scammers and what they are doing to people on the internet concerning loan issue and i promised not to keep this to myself, i have to share it with everyone that i can reach out to….Remain blessed.
NINA LEO
Hello everyone,
Are you frustrated in life? you think all is lost? No
Hope from any where? Well I have good news for you all
is a privilege you met the right person, my name is Mr.
Michael Lancer i am a legit and reputable loan lender.
i help those who are desperate need of a loan with just
3%. Contact our company mail now:,