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 bankruptcy postbag for august
 possible to get a student loan if i go bankrupt?
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gem
Junior Member

171 Posts

Posted - 08 August 2008 :  09:50:44  Show Profile  Reply with Quote
i am condidering going bankrupt, i am recieving benifits and also starting a degree next month ad would need to apply for a student loan to cover tuition fees. is it still possible to get a student loan if i go bankrupt and will i continue to recieve benifits as i am supporting my daughter?

Suzanne
Average Member



United Kingdom
869 Posts

Posted - 08 August 2008 :  13:50:47  Show Profile  Visit Suzanne's Homepage  Reply with Quote
Hi gem

I don't think you would be able to get a student loan while bankrupt, as not only is it a form of credit, but the student loan company would probably not think you were a good risk. To be sure I would give them a call and ask what their policy is.

Suzanne Stocker
Bankruptcy Manager
Jones Giles Ltd
www.jonesgiles.co.uk
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sheenac
Junior Member

United Kingdom
174 Posts

Posted - 26 August 2008 :  19:08:51  Show Profile  Reply with Quote
quote:
Originally posted by Suzanne

Hi gem

I don't think you would be able to get a student loan while bankrupt, as not only is it a form of credit, but the student loan company would probably not think you were a good risk. To be sure I would give them a call and ask what their policy is.

Suzanne Stocker
Bankruptcy Manager
Jones Giles Ltd
www.jonesgiles.co.uk




Student loans are not credit scored and there is no difficulty getting one when bankrupt. They are completely separate from other forms of credit.
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JulianDonnelly
Junior Member



United Kingdom
325 Posts

Posted - 27 August 2008 :  12:33:36  Show Profile  Visit JulianDonnelly's Homepage  Reply with Quote
Hi Sheenac,

Just remember that as an undischarged BR, you have a legal obligation to inform anyone you borrow more than £500 from (including friends and family) of your status.

Julian Donnelly
Spokesperson for www.Bankruptcyhelp.org.uk
Don't forget the helpline on 0800 078 9367
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