Can I Get a student Loan After I File Bankruptcy?

Student Loans Alberta - Can I Get a student Loan After I File Bankruptcy?

I've had clients come to me in tears because they desperately need to file for bankruptcy but they are afraid their dreams of getting a college degree are going to go down the tubes if they file. Contrary to popular myth, you can get a student loan after you file for bankruptcy.

Student Loans Alberta

If you get a chance, Google the "Unified Student Loan policy base by hand of April 2005, episode 5, paragraph 5.6" It states that the Bankruptcy Reform Act of 1994 prevents a school or lender from denying a federal loan or grant to an applicant solely because he or she has filed a bankruptcy petition.

I oftentimes meet with clients throughout Northwest Georgia who are concerned that they will not ever be able to get their degree if they make the decision to file for bankruptcy. The truth is that bankruptcy is not an obstacle to pursuing your educational dreams. I've seen clients who were able to get loans to continue their instruction while they were in active episode 13 bankruptcy cases in Northwest Georgia.

For students who are applying for financial aid, my guess is that a bankruptcy would show the college that you are truly in need of the financial aid.

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