If I file for bankruptcy will I be denied my student grant?
I want to file for bankruptcy while I am in school. I went back to get my master's degree, but I am drowning in debt. If I do file for bankruptcy, will this have any affect on my student grant?
Guardian Law Group PLLC
| C. David Hester
Salt Lake City, UT
Salt Lake City, UT
It shouldn't, grants are based on need not credit score.
Answer Applies to: Utah
Replied: 12/8/2011
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Answer Applies to: Utah
Replied: 12/8/2011
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Answered By: Theodore N. Stapleton, PC
You need to ask the student aid department it should help with a grant.
Answer Applies to: Georgia
Replied: 12/14/2011
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Answer Applies to: Georgia
Replied: 12/14/2011
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Answered By: Janet A. Lawson Bankruptcy Attorney
It shouldn't. But watch out student loan debt. That will bite you later.
Answer Applies to: California
Replied: 12/8/2011
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Answer Applies to: California
Replied: 12/8/2011
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Answered By: J.M. Cook, P.A.
Filing for bankruptcy will affect your credit rating for many years. So, yes, any extension of credit that relies on credit reporting is affected by filing bankruptcy.
Answer Applies to: North Carolina
Replied: 12/8/2011
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Answer Applies to: North Carolina
Replied: 12/8/2011
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Answered By: Law Office of Christine A. Wilton
I'm not sure what impact this will have on your grant. You need to contact the granting authorities. Usually grant money is provided to those in need and you are clearly in need if you cannot afford to pay your debts.
Answer Applies to: California
Replied: 12/8/2011
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Answer Applies to: California
Replied: 12/8/2011
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Answered By: Heupel Law
If the grant is based on the financial need, then no, bankruptcy will not have any effect on the grant.
Answer Applies to: Colorado
Replied: 12/8/2011
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Answer Applies to: Colorado
Replied: 12/8/2011
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Answered By: The Law Office of Jill Rose Quinn
Filing a bankruptcy can't be the sole reason for denying you a student grant.
Answer Applies to: Illinois
Replied: 12/8/2011
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Answer Applies to: Illinois
Replied: 12/8/2011
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Answered By: Charles R. Nettles - Attorney at Law
It shouldn't. I've never had a client complain about it in 27 years.
Answer Applies to: Texas
Replied: 12/8/2011
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Answer Applies to: Texas
Replied: 12/8/2011
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Answered By: The Stockman Law Office
You should check with the grantor or your school's finance department to determine the terms of the grant.
Answer Applies to: Florida
Replied: 12/8/2011
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Answer Applies to: Florida
Replied: 12/8/2011
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Answered By: Mazyar Hedayat and Associates
The answer to your question depends on the terms of your grant. One thing for certain is that the government may not deny benefits based on the exercise of your right to file bankruptcy. And since a grant need not be repaid, it will not constitute a debt in the event you seek bankruptcy protection.
Answer Applies to: Illinois
Replied: 12/8/2011
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Answer Applies to: Illinois
Replied: 12/8/2011
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Answered By: Weber Law Firm, P.C.
No. It is illegal to deny a student loan on the basis of a bankruptcy filing.
Answer Applies to: Texas
Replied: 12/7/2011
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Answer Applies to: Texas
Replied: 12/7/2011
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Answered By: Ashman Law Office
Bankruptcy will affect a limited number of student aid programs (ones that are based on credit scores). Most aid is not affected.
Answer Applies to: Georgia
Replied: 12/7/2011
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Answer Applies to: Georgia
Replied: 12/7/2011
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Answered By: Dan Shay Law
Is it a grant or a loan? If it is a loan, is it federal or private? Federal student loans are not affected so long as you do not default. Grants and private loans are subject to the terms of the institution, so you should ask them.
Answer Applies to: California
Replied: 12/7/2011
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Answer Applies to: California
Replied: 12/7/2011
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Answered By: Gregory J. Wald, Attorney at Law
It is illegal to discriminate against you for a student loan on account of filing for bankruptcy. The Federal Bankruptcy Code prohibits this.
Answer Applies to: Minnesota
Replied: 12/7/2011
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Answer Applies to: Minnesota
Replied: 12/7/2011
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Answered By: Carballo Law Offices
A grant has nothing to do with bankrutpcy generally but you should check with the agency or company giving you the grant to see if they have any special requirements.
Answer Applies to: California
Replied: 12/7/2011
Disclaimer: The response above does not form an attorney-client relationship. This answer may or may not apply to you and should not be relied upon as legal advice. LawQA does not make any representation as to the expertise or qualifications of this attorney. This attorney may or may not be admitted to state bar of your state.
Answer Applies to: California
Replied: 12/7/2011
Disclaimer: The response above does not form an attorney-client relationship. This answer may or may not apply to you and should not be relied upon as legal advice. LawQA does not make any representation as to the expertise or qualifications of this attorney. This attorney may or may not be admitted to state bar of your state.
Answered By: Grace Law Offices of John F Geraghty Jr.
No you cannot be discriminated against.
Answer Applies to: Georgia
Replied: 12/7/2011
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Answer Applies to: Georgia
Replied: 12/7/2011
Disclaimer: The response above does not form an attorney-client relationship. This answer may or may not apply to you and should not be relied upon as legal advice. LawQA does not make any representation as to the expertise or qualifications of this attorney. This attorney may or may not be admitted to state bar of your state.
Answered By: Bankruptcy Law office of Bill Rubendall
Section 525 of the bankruptcy provides that you cannot be discriminated against for student loans on account of filing bankruptcy. This would include student grants.
Answer Applies to: California
Replied: 12/7/2011
Disclaimer: The response above does not form an attorney-client relationship. This answer may or may not apply to you and should not be relied upon as legal advice. LawQA does not make any representation as to the expertise or qualifications of this attorney. This attorney may or may not be admitted to state bar of your state.
Answer Applies to: California
Replied: 12/7/2011
Disclaimer: The response above does not form an attorney-client relationship. This answer may or may not apply to you and should not be relied upon as legal advice. LawQA does not make any representation as to the expertise or qualifications of this attorney. This attorney may or may not be admitted to state bar of your state.
Answered By: The Law Offices of Kristy Qiu
No, that would be discriminating prohibited by the bankruptcy code. Government loans, like Sally Mae, can't deny a loan based on bankruptcy. Private loan companies aren't supposed to either but they do sometimes and it's impossible to prove that they're denying an application because of bankruptcy.
Answer Applies to: Florida
Replied: 12/7/2011
Disclaimer: The response above does not form an attorney-client relationship. This answer may or may not apply to you and should not be relied upon as legal advice. LawQA does not make any representation as to the expertise or qualifications of this attorney. This attorney may or may not be admitted to state bar of your state.
Answer Applies to: Florida
Replied: 12/7/2011
Disclaimer: The response above does not form an attorney-client relationship. This answer may or may not apply to you and should not be relied upon as legal advice. LawQA does not make any representation as to the expertise or qualifications of this attorney. This attorney may or may not be admitted to state bar of your state.
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