Obtaining Student Loans

Unlike most credit, the granting of government guaranteed educational loans is not based upon credit history or income. They are instead extended if you meet the statutory and administrative criteria. Although default on an existing educational loan may effect your ability to get a subsequent loan, the filing of a bankruptcy in itself should not. After bankruptcy students with loans in default should contact the lender (or servicer or current holder of the loan) to set up a satisfactory repayment plan in order to regain eligibility for federal student aid. As a matter of fact, under section 525 of the Bankruptcy code the government is restricted from discriminating against those who have filed bankruptcy.

In order to help you understand that student loans available even after bankruptcy we attach a list of links you might find helpful: