Thursday, August 19, 2010

Student Loans and Bankruptcy?

I live in Canada, and I was discharged from my bankruptcy december 2005. At the time I filed, I had student loans, and they weren't forgiven, of course. I think they are at about $8000 to $10,000. I have been told I cannot get student loans now for a few years, up to the standard scary *7* And of course, it would help if I planned on paying the ones I have ;) So, I'm kinda screwed, aren't I? Even to get loans to study in a different country? Because to study in a different country, I have to get loans from my country, and not the other country, right? (I'm thinking western europe)

Student Loans and Bankruptcy?
It a hard call. In America on a Bankruptcy the loans are deferred, but, not forgiven as in your case. And, if you are in Default you can not qualify for more loans. BUTT, there always a Butt, if you not in Default and start back to school you can get loans. It just depends on many factors.


Now, here what I am leading up to. The world is working toward a one world economy (I not go into that) people should know by now. So, there only so many Banks that run the show. It could be a problem as these banks are interconnected. I would go and when you get there see what will happen. All I know to say, I just feel you may have trouble getting more loans of any kind with Defaulted/Lapsed Payment of Student Loans in the Background.
Reply:Foreign colleges do not care about your US student loan defaults.
Reply:you can get loans for studying abroad
Reply:Most of the banks provide International student loan. they are quiet libral towards student loans.


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