Bankruptcy will not get U off the hook for the federal student loan. They used to have a hardship deferral, but I do not know for how long it lasts, or if that still hold true. Check the financial aid office for the latest laws and regulations.
Yes, you can apply for federal student loans while under Chapter 13 bankruptcy. Filing for Chapter 13 does not affect your eligibility for federal student aid, as the loans are not considered income. However, it's important to ensure that your repayment plan is manageable alongside any new student loans you may take on. Always consult with a financial advisor or bankruptcy attorney for personalized guidance.
Yes, it is possible to obtain a student loan after filing for Chapter 13 bankruptcy, but it may be more challenging. Private lenders often consider your credit history, which may be affected by the bankruptcy. Additionally, while federal student loans typically do not require a credit check, private loans may. It's advisable to check with various lenders for their specific policies regarding borrowers with a bankruptcy history.
To be eligible for federal student loans, you must be a U.S. citizen or eligible noncitizen, have a valid Social Security number, be enrolled or accepted for enrollment in an eligible degree or certificate program, maintain satisfactory academic progress, and not be in default on any previous federal student loans.
You must list all debt owed in a bankruptcy. In a Chapter 7 Bankruptcy federal student loans are listed on Schedule F as a unsecured non-priority debt with an indication that they are student loans. Please note that nothing in this posting or in any other posting constitutes legal advice.
While in general you should always follow your attorney's advice, you may wish a second opinion from another attorney this time. A bankruptcy does not get you out of student loans. If you were going to lose your income tax refund to the student loan people, then even after bankruptcy you still will.
If the student loan is a federal loan and not a private loan then the answer is no. Federal student loans can not be included in bankruptcy, you will always be responsible for repayment of FEDERAL student loans.
Yes, you can apply for federal student loans while under Chapter 13 bankruptcy. Filing for Chapter 13 does not affect your eligibility for federal student aid, as the loans are not considered income. However, it's important to ensure that your repayment plan is manageable alongside any new student loans you may take on. Always consult with a financial advisor or bankruptcy attorney for personalized guidance.
Federal Student loans cannot be discharged in bankruptcy. You must repay them.
Not necessarily. If a non-citizen meets certain eligibility criteria they can get a Federal Student Loan. Visit the link below for the eligibility criteria.
Yes, felons can be eligible for federal student loans. However, individuals convicted of drug-related offenses may face limitations and restrictions on their eligibility for federal aid. It's recommended to complete the Free Application for Federal Student Aid (FAFSA) to determine eligibility.
Schools that are accredited and that have federal i.d. numbers are eligible to participate in federal student aid programs. The student must complete a Free Application for Federal Student Aid ( www.fafsa.edu.gov) to determine eligibility and have the results forwarded to the school.
There may be some information available through the school that you are currently attending. Alternatively, you could speak to some members of your family for information with respect to student financial assistance.
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Yes, students can receive both student loans and federal work-study as part of their financial aid package. These programs are designed to help cover educational expenses, with student loans providing funds that must be repaid after graduation, while federal work-study offers part-time job opportunities to help students earn money while attending school. Eligibility for each may depend on financial need and other factors, so students should complete the FAFSA to determine their options.
Yes, it is possible to obtain a student loan after filing for Chapter 13 bankruptcy, but it may be more challenging. Private lenders often consider your credit history, which may be affected by the bankruptcy. Additionally, while federal student loans typically do not require a credit check, private loans may. It's advisable to check with various lenders for their specific policies regarding borrowers with a bankruptcy history.
www.studentaid.ed.gov/eligible/ This is a govt. site. Eligibility for federal student aid is based on financial need and on several other factors. This is a excellent way according your eligibility.
To be eligible for federal student loans, you must be a U.S. citizen or eligible noncitizen, have a valid Social Security number, be enrolled or accepted for enrollment in an eligible degree or certificate program, maintain satisfactory academic progress, and not be in default on any previous federal student loans.