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Federal Student Loan post chapter 7

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PetyrBaelish
New Member

Federal Student Loan post chapter 7

I am awaiting discharge which is set for August 3rd. Can I qualify for federal student loans for the fall semester? Will I have an issue applying or will I apply as if everything was normal. This is for federal loans not private. 

Message 1 of 4
3 REPLIES 3
Anonymous
Not applicable

Re: Federal Student Loan post chapter 7

@PetyrBaelish  Federal student loans are unaffected by personal bankruptcy. You can receive them if you've filed bankruptcy.

Message 2 of 4
Bobby1081
Valued Member

Re: Federal Student Loan post chapter 7

Chapter 7 has no effect on student loans. You can even get them while in the process of chapter 7. The only thing that will be needed is a new Master Promissy Note will need to be signed. Good luck with your studies! 

Message 3 of 4
Pway
Valued Contributor

Re: Federal Student Loan post chapter 7


@Anonymous wrote:

@PetyrBaelish  Federal student loans are unaffected by personal bankruptcy. You can receive them if you've filed bankruptcy.


I agree with this^^^

Thank you for the wealth of knowledge I have learned from these forums. I am logging off as of November 9, 2022. I wish everyone great success.
Message 4 of 4
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