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Stafford Loan while in Chapter 7 BK???

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    Stafford Loan while in Chapter 7 BK???

    Hi,

    My company recently capped my tuition reimbursement so I now need to find other ways to pay for school.

    The Financial Aid office told me about Stafford Loans. I am in my 7th course as a MBA graduate student and filed for Chapter 7 BK about 2 months ago.

    I filled out a FASFA online, and an online application with the school. I'm looking to get an unsubsidized Stafford loan w/ a fixed interest rate. I have never defaulted on any student loan in the past.

    :Will it go through? My BK discharge should go through in the next month or two I hope.

    Thanks,

    #2
    You should be fine. I filed Ch. 7 (the first time) while in law school and it never affected my Stafford loans. They don't check your credit. Private loans are a different matter, though I was able to get a bar study loan a few years after my BK discharge with a cosigner.

    Good luck with school!
    Filed Ch. 7 Pro Se: 12/11/08
    341 Meeting: 1/7/09
    Trustee's Report of No Distribution: 1/9/09
    Discharged: 3/10/09

    Comment


      #3
      stafford loans are not based on credit- you should be fine for getting one.


      Originally posted by r131313w View Post
      Hi,

      My company recently capped my tuition reimbursement so I now need to find other ways to pay for school.

      The Financial Aid office told me about Stafford Loans. I am in my 7th course as a MBA graduate student and filed for Chapter 7 BK about 2 months ago.

      I filled out a FASFA online, and an online application with the school. I'm looking to get an unsubsidized Stafford loan w/ a fixed interest rate. I have never defaulted on any student loan in the past.

      :Will it go through? My BK discharge should go through in the next month or two I hope.

      Thanks,
      Filed Pro Se: 10/16/2009
      341 Scheduled: 11/23/2009
      Last Day for Objections: 1/22/2010
      Discharged: 1/28/2010

      Comment


        #4
        I was approved for my MBA student loans appx 30 days after filing, so you should be good!
        Filing Date - 4/8/09
        341 Meeting - 5/29/09
        Discharged! - 8/6/09

        Comment

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