Legal Question in Bankruptcy in Illinois

Obtaining student loans after backruptcy

My son is 14 years old, If we file a chapter 7 now, will we have a problem getting him a student loan when he graduates in 4 years and wants to go to college?


Asked on 7/31/00, 10:14 pm

1 Answer from Attorneys
Shai Oved The Law Offices of Shai Oved

Re: Obtaining student loans after backruptcy

You may have difficulty getting your son a loan when he graduates. Bankruptcy will affect your credit. Many college loan programs request financial information from the parents. But your son may get a scholarship or your financial situation may completely turn around after your bankruptcy so you may not need any loans. Good luck to you.

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Answered on 9/18/00, 2:24 am


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