Applying for Federal Student Aid after You Filed for Bankruptcy

Many candidates have queries like whether they are eligible to receive federal student financial aid since they filed for bankruptcy. One can not be denied federal student aid like the Pell Grant and the Perkins Loan only because they filed for bankruptcy. However, when it comes to repaying Perkins loan, college may have a look at the candidate's post-bankruptcy credit history. Yes, a students will be ineligible for federal student aid if the candidate's federal student loans were not discharged by the bankruptcy. Being not discharged by the bankruptcy means the candidate's federal student loans are currently in default.