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Bankruptcy
| If you declare bankruptcy… | Then… |
|---|---|
| Before you get a loan | Consider speaking with your financial aid office and bankruptcy attorney. Federal loans—In most cases, a bankruptcy does not prevent you from obtaining a student loan through the United States Department of Education. Alternative (private) loans—Bankruptcy may affect your eligibility for an alternative student loan. Speak with the lender first, before you apply. |
| While you have a loan | Bankruptcy could impact your rights and obligations pertaining to your existing student loans. You should consult a bankruptcy attorney regarding the impact of bankruptcy on your student loans, including whether they may be dischargeable. |
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Online Resources
Download deferment and forbearance forms online or contact your servicer directly to apply for a deferment or to determine eligibility.