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Bankruptcy While in nursing school

Nurses   (426 Views | 8 Replies)

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I filed for bankruptcy Chapter 7 while in nursing school that I signed up to pay full tuition out of pocket. Will this be included in my bankruptcy and cancel out my remaining balance? I’m worried that this will In some way interfere with me finishing my program. Has anyone had a similar experience?? my intuition only allows students to self pay out of pocket loans and grants aren’t applicable for this intuition. I would appreciate anyone to share information if they have experienced a Similar situation. Thanks in advance! Positive responses only

Edited by Nursinglife090

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1,250 Posts; 8,164 Profile Views

What kind of super shady school is this? The fact that they can’t accept Pell grants?

My advice is to run from that school.

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Here.I.Stand has 16 years experience as a BSN, RN and specializes in SICU, trauma, neuro.

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To my knowledge bankruptcy doesn’t relieve you of student loan debt... and it definitely doesn’t allow for free future education

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CrunchRN has 25 years experience as a ADN, RN and specializes in Clinical Research, Outpt Women's Health.

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Nope. Student debt is not cancelled out,

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Here.I.Stand has 16 years experience as a BSN, RN and specializes in SICU, trauma, neuro.

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15 hours ago, Here.I.Stand said:

To my knowledge bankruptcy doesn’t relieve you of student loan debt... and it definitely doesn’t allow for free future education

As for finishing the program if you’ve already paid for it/if the school already has their money I would think you’d be set... you will be repaying this debt in any case. my “free future education” comment would apply if you had any unpaid future classes

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On 4/16/2020 at 3:06 AM, Here.I.Stand said:

To my knowledge bankruptcy doesn’t relieve you of student loan debt... and it definitely doesn’t allow for free future education

It’s not student Loan debt I paid cash out of pocket

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FolksBtrippin is a BSN, RN and specializes in Psychiatry, Pediatrics, Public Health.

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These are questions for your bankruptcy lawyer.

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BSNbeDONE has 34 years experience as a ASN, BSN, LPN, RN and specializes in Med/Surg, LTACH, LTC, Home Health.

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Seems to me that if you’ve already paid out of pocket, there’s no issue especially if you have paid for the entire program upfront. If you haven’t, I would think it’s like any other out-of-pocket expense: if you don’t pay, you don’t receive the product.

If I’m not mistaken, you cannot finance anything or open any new accounts while under bankruptcy. But as a previous poster said, your bankruptcy attorney will have that answer and will let you know whether or not you’re allowed to continue paying for your education.

This is an interesting situation to be in. WOW!. Valid question...best to get the answer straight from the horse’s mouth.

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BSNbeDONE has 34 years experience as a ASN, BSN, LPN, RN and specializes in Med/Surg, LTACH, LTC, Home Health.

2,395 Posts; 24,934 Profile Views

On 4/14/2020 at 10:34 AM, LovingLife123 said:

What kind of super shady school is this? The fact that they can’t accept Pell grants?

My advice is to run from that school.

When I went through my (fully-accredited) ASN program, because the program was exam-based, student loans and the PELL grant was not accepted. However, the school did offer other grants based upon a student’s specific situation. I paid out-of-pocket for it and had no problems other than a slight battle with my BON over preceptorship hours.😉

For the OP, I’d definitely check the accreditation status of the school if you haven’t already.

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