As a minor with bankrupt parents, how will financial aid and college loans work?

A

Alicia

New member
I'm 17 and I'll be 18 in December, and my parents just went bankrupt this past month. I'm going to college this fall, and my financial aid based on my parents' pre-bankruptcy FAFSA information will pay for most of my first year. If they fill out the FAFSA post-bankruptcy for next year will I likely qualify for more/less/same financial aid? If i have to apply for loans for the coming years, how will it work? Will they be able to co-sign them with their financial status? Will I be able to apply on my own if I'm only 18?
 
Well not necessarily because FAFSA takes tax information from the previous year...so that would mean you would not get as much. However, next year you might.
 
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