How will filing bankruptcy affect your FAFSA application?

If you are filling out a FAFSA application, you may be wondering how a previous bankruptcy will affect your eligibility for financial aid. If this is the case, you should not necessarily be worried. Financial aid is not based on your credit history or your credit score. Even if you have a bankruptcy or some other blemish on your credit record, you should still be able to qualify for financial aid. Even the student loans that are made by the government are not affected by any credit issues. Your income level is generally the most important aspect for financial aid approval.

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