DS starting college in the Fall-- how will all this work?

[keepsmiling]

Another reason I have been stalling.
Anyone have any thoughts on how applying for loans goes while going thru BK? Can he apply on his own?

[tcreegan]

Hi keepsmiling,

The Bk should not affect federal financial aid, Perkins, Stafford, Direct loans, those are need-based. Private ed loans and PLUS loans are based on credit history so those are probably out of the picture....which is a good thing! And keep student loans to an absolute minimum. All these end up as an anchor around the neck you regret later...

...been there, done that, wish I hadn't

Tom in Colo

[dspii]

As Tom said, the Bk will disqualify you from the Parents Plus Direct Loans, shouldn't affect the student. In fact if you are denied, they qualify for several thousand more. I am going through this with my kids right now.