Older Students May Still Be Eligible for Student Loans

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Keep in mind, however, that as a student loan borrower

, you'll be on the hook for any student loan debt you incur, even if you don't complete a degree as planned. Current U.S. bankruptcy law prohibits bankruptcy courts from discharging either federal or private student loan debts except in the most extreme of circumstances, so if you're a prospective returning student, make sure to thoroughly research all your academic options and their costs before entering a degree program that will require you to take on significant debt from student loans.

Older Students May Still Be Eligible for Student Loans

By: Jeff Mictabor

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