How Do You Get A Student Loan After Bankruptcy?
Bankruptcy relieves debtors who are unable to pay their creditors by lessening or eliminating their debt load. Previously bankrupt individuals have difficulty getting loans, including student loans. Post-bankruptcy student loans are obtainable depending on the type of loan you seek and the type of bankruptcy you filed. Talk with the financial aid adviser at the school you want to attend and explain your financial history. The adviser might know of certain loan programs or lenders to fit your needs. Determine whether you have any outstanding student loans that are delinquent or otherwise in default. If so, contact the lender or current loan holder and set up a repayment plan that leaves you eligible for new loans. Seek out federal student loans. Bankruptcy will generally not impact one’s eligibility for federal loans, provided that no current student loans are in default or otherwise unpaid. Consider private student loans. These lenders are not required to be as forgiving as the federal
