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How do "we" navigate student loans, post-CH13 discharge?


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I'm literally days away from a ch13. It's been 5 long years but momma I made it! The advice from this board helped me get over a couple of bumps but otherwise it's been pretty smooth. Hope the finish line is just as smooth.

 

I struggled through my son's first year of college paying cash because my income was too high to qualify for financial aid. They gave us virtually nothing by way of fed loans, and I couldn't apply for private loans due to my active CH13.

Now trying to figure out what our options are for next fall. Would I be able to qualify for a private loan post-discharge?  I would prefer he get it in his name, but how do full time students get private loans when they are full time students - not enough income or credit to qualify?  

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On 6/6/2022 at 8:08 AM, indebtandtrouble said:

I'm literally days away from a ch13. It's been 5 long years but momma I made it! The advice from this board helped me get over a couple of bumps but otherwise it's been pretty smooth. Hope the finish line is just as smooth.

 

I struggled through my son's first year of college paying cash because my income was too high to qualify for financial aid. They gave us virtually nothing by way of fed loans, and I couldn't apply for private loans due to my active CH13.

Now trying to figure out what our options are for next fall. Would I be able to qualify for a private loan post-discharge?  I would prefer he get it in his name, but how do full time students get private loans when they are full time students - not enough income or credit to qualify?  

 

I would avoid private loans like the plague and instead cashflow it. I hope he is at a state school.

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  • 3 weeks later...
On 6/8/2022 at 2:13 PM, hegemony said:

 

I would avoid private loans like the plague and instead cashflow it. I hope he is at a state school.

Yes, it's a state school. I'm really trying to avoid the private loan but we'll see if we can get a federal loan. I think I couldn't apply for one last year due to the Ch13.

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  • 2 months later...
On 6/29/2022 at 4:18 PM, indebtandtrouble said:

Yes, it's a state school. I'm really trying to avoid the private loan but we'll see if we can get a federal loan. I think I couldn't apply for one last year due to the Ch13.

what course of action did you take?

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