Student Loan after bankpruptcy
May 7th, 2011 by Questions
Hello, thank you for this blog – it is very informative! I claimed bankruptcy with 40K in student loan debt that will be discharged in November as it was greater than 7 years (12 to be exact). During bankruptcy I lost my job and as such was approved for the Second Career Program and am returning to school. The Second Career funding does not cover all my financial needs to support my family – am I able to apply for Student loans again? I am older, more mature and am not looking to fund my complete school requirements – is there a time frame for applying to OSAP after bankruptcy?
Posted from: Ontario
One Response to “Student Loan after bankpruptcy”
Please post a follow up comment below:
(Note: comments are reviewed by moderators and then posted after approval. In addition, due to high volume some of the comments might not be posted.)
You must be logged in to post a comment.
May 07, 2011 at 4:58 am, A licensed trustee said:
You need to speak to the financial aid officer at your school, but you shouldn’t be “hopeful”. We’re not OSAP experts, but my recollection is if you have defaulted on loans in the past (and they include bankruptcy as a form of default) you are not eligible for loans in the future.