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Parent Plus loan with Chapter 13 discharge.

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#1 Muggle

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Posted 16 March 2018 - 02:06 PM

Ok. I have a unique situation. I filed Chapter 13 in June 2013 and it was discharged in June 2016. We have a very rough two years since then and we are filing another Chapter 13 in a few weeks.

Add to that we have two daughters in college next year. They have gotten a bit of scholarship money, but they need another $5000 each. We make too much money for any grants.

I read that having a Chapter 13 discharge doesn’t count as adverse action when applying for a PLUS loan. Only if you have a Chapter 7, 11 or 12. My trustee is not going to approve me taking out another loan after just filing bankruptcy again.

So now I’m facing getting approved for a PLUS loan but not being able to get permission from bankruptcy court to take it. What can I do? I looked over my credit report and the only derogatory mark on it is the Chapter 13 bankruptcy. I would like to just be denied the PLUS loan. Then the girls would be eligible for addition unsubsidized loans in their names, but it’s looking unlikely.

I’m desperate here. Any ideas would be welcome.



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Edited by Muggle, 16 March 2018 - 02:08 PM.

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