Can a Chapter 7 bankruptcy affect the possible outcome of getting a FAFSA Loan or Pell Grant?
Dan asked:
I filed for Chapter 7 in april ‘09 and had all my debts discharged. I recently applied for a FAFSA loan. At the end of the filing, the file said I might be eligible for a certain amount of pell grant money.
I filed for Chapter 7 in april ‘09 and had all my debts discharged. I recently applied for a FAFSA loan. At the end of the filing, the file said I might be eligible for a certain amount of pell grant money.
Will the bankruptcy have any bearing on whether or not I will get approved for either a loan or grant?
Tags: April, Chapter 7 Bankruptcy, Fafsa
June 26th, 2011 at 7:07 pm
Your post bankruptcy won’t have any bearing on your getting grants or loans. Be aware that you can not discharge any future student loans in bankruptcy.