If you have student loans, do you really have to wait ten years from the end of attendance at school, or just from attendance at school that was paid for by the student loansÉ
I completed school back in 1995 and I have outstanding loans from that, but in 2002 I took a course that wasn`t funded by student loans.
Would I be cleared from teh student loans if I filed bankruptcy today?
posted by Questions @ 1:29 pm
At April 30, 2008 |
6:59 am
, Barton Goth GCO Bankruptcy Trustees Said...
The way the legislation currently reads is that it is 10 years from the last day of the last month you attended school, irrespective of when the student loans relate to. So in your case, the clock is reset by the course you took in 2002 and the first date you would be eligible for these loans to be cleared would be in 2012.
However, there are currently some changes to the legislation that will reduce this from 10 years to 7, so if the changes are proclaimed into active legislation that would reduce your clock to 2009.
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