Financial Aid in Ch 13

[nsupanda]

Is it possible to get financial aid for school while in a Ch 13? We have three years left on our plan, and my student loans are in deferrment, forbearance, or default (I'm really not sure what it's called, but I know they have stopped collecting while I'm in bankruptcy, and I wasn't behind on my payments to the student loan company before bankruptcy).

Anyway, my employer offers tuition reimbursement, but you have to pay the tuition to the school first and my employer reimburses me after I've made a C or better in each class. With my almost $1500.00/month bk payment, I obviously can't afford to pay the tuition myself. Has anyone had experience in obtaining student loans while in ch 13? Is it even possible if your other student loans are on hold?

Sorry if this has been asked numerous times before, I wasn't really able to find my answer by searching the threads.

[dmc-2008]

I would doubt that you would qualify, i think you have to have good credit. But
I dont know really. Good luck!

[LadyInTheRed]

http://www.fastweb.com/financial-aid/articles/3148-how-does-bankruptcy-affect-eligibility-for-student-financial-aid

According to the information on the above site, the only federal student loan that bankruptcy will disqualify you from is a Plus loan.

For private loans, it will depend on the lender. The school's financial aid office can probably tell you about eligibility requirements of various lenders.

Here's info on the different kinds of federal loans: http://studentaid.ed.gov/types/loans...-student-loans

[nsupanda]

Thanks LadyInTheRed! I guess I'll just have to wait 3 more years... :-)

[filingin08]

Early in our Ch13, husband was going to school and was able to get additional gov't backed loans w/approval of the BK courts. There were an extra couple hoops to go through, but he got the funding. If you've not maxed on those loans, might be an option.