If you are receiving, or expect to receive, student loans from the Federal Government, such as Stafford Loans, then bankruptcy should not affect your ability to receive loans. One result of filing for bankruptcy protection may be that you have to complete another FAFSA (Free Application for Federal Student Aid) form. You should get in touch with your financial aid counselor at your school to determine what steps may be necessary to continue to receive Federal Government loans after you file.If you are receiving, or expect to receive, credit based student loans, such as Grad Plus Loans, then you will likley need a co-signer to receive future loans. The reason for this extra requirement is because your filing will be reflected on your credit reports.
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The student loan is an unsecured debt that is not discharged at the end of the case. So, if you can increase your income during the period of time you are in a Chapter 13, and wipe out all the unsecured debt at the same time, you would be in a better position to be able to pay the student loans after the Chapter 13 is over.
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