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    • Avocadotoast
    • By Avocadotoast 4th Jan 18, 11:01 AM
    • 38Posts
    • 14Thanks
    Bankrupt and want to apply for student loan
    • #1
    • 4th Jan 18, 11:01 AM
    Bankrupt and want to apply for student loan 4th Jan 18 at 11:01 AM
    Hi all,

    Wondering if you could help with my question. I'd like to apply for a postgraduate diploma here in Scotland. I am currently in my first year of bankruptcy. In Scotland the full loan for 9 months would cover my tuition fees and living costs and would be a more than manageable amount to pay back when I start working again. I've done my research and figure than I'm not going to end up in dangerous debt again.

    My question is, does my bankruptcy status mean I won't be able to get a student loan? It might be the case that I don't apply until I'm discharged.


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    • immoral_angeluk
    • By immoral_angeluk 4th Jan 18, 1:57 PM
    • 23,754 Posts
    • 22,635 Thanks
    • #2
    • 4th Jan 18, 1:57 PM
    • #2
    • 4th Jan 18, 1:57 PM
    Generally, Student loans are assessed on factors such as your nationality, the course and age rather than your credit rating, so are unlikely to be refused even if you are Bankrupt.
    If it makes you feel any better, I applied for a student loan last week and there was no mention of credit checks or anything about bankruptcy or insolvency on there.
    However, I'd be surprised if things were different in Scotland, but the best way to be sure is to call them and ask before making an application.
    Student loans are excluded debts anyway, so even if you owed them money and went bankrupt, you'd still have to pay up so there's no real incentive for Student Loans to be restricted for undischarged bankruipts.
    Total 'Failed Business' Debt 29,043
    Que sera, sera. <3
    • Avocadotoast
    • By Avocadotoast 6th Jan 18, 11:33 AM
    • 38 Posts
    • 14 Thanks
    • #3
    • 6th Jan 18, 11:33 AM
    • #3
    • 6th Jan 18, 11:33 AM
    Thanks very much for this. That's good news! Good luck in your studies :-)
    • KeepOnKnitting
    • By KeepOnKnitting 6th Jan 18, 11:36 AM
    • 160 Posts
    • 231 Thanks
    • #4
    • 6th Jan 18, 11:36 AM
    • #4
    • 6th Jan 18, 11:36 AM
    I can't speak for Scotland, but I was bankrupt when I was awarded student finance for my degree in 2016, and freshly discharged when I applied for year 2 in 2017. Good luck with your studies.
    Save 12k in 2018 #62
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