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Applying for a student loan after bankruptcy

I have been discharged from bankruptcy as of November 1, 2011, and I am looking into starting school (private college program) in spring of this year. My question is: What are my chances of receiving a student loan or line of credit so soon after bankruptcy. I’m not sure if this is relevant, but I should mention that the cause of bankruptcy was due to my ex-husbands business going under during the recession. It is noted on my file, but I’m not sure if this is taken into any consideration. Thank you, Sarah

Posted from: Ontario

One Response to “Applying for a student loan after bankruptcy”

A licensed trustee said...

If you did not include any student loans in your bankruptcy and you are otherwise eligible for new student loans then the fact that you filed for bankruptcy should not have any impact on your ability to obtain student loans.

Contact the finacial aid officer at whichever sholl you are hoping to attend and ask them how the process works. Just be careful how much you borrow to pay for your schooling – student debt can add up very quickly and become quite a problem after you graduate….