Legal Question in Bankruptcy in Indiana

Financial Aid Implications

Situation: Girlfriend has 12k in credit card debt, is currently a junior in college and is getting financial aid. Her income is too low to pay for an apartment, her bills, and food. She works part time. If she files for a chapter 7 bankruptcy to eliminate her credit card debt, will she still be able to receive financial aid for her last year of college?


Asked on 4/29/02, 12:41 pm

2 Answers from Attorneys
John Bator Bator Redman & Shive

Re: Financial Aid Implications

Most likely, although some financial aid goes through private lenders and even though the government guarantees the loans, the lender may deny the application-check with financial aid before filing to see if the type of aid she has will be affected

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Answered on 4/29/02, 2:47 pm
Dorene Philpot Philpot Law Office

Re: Financial Aid Implications

Yes, via government student loans.

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Answered on 4/29/02, 12:55 pm


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