The answer is yes. According to the Unified Student Loan Policy Common Manual of April 2005, Chapter 5, paragraph 5.6, the Bankruptcy Reform Act of 1994 prevents a school or lender from denying a federal loan or grant to an applicant solely because he or she has filed a bankruptcy petition.
It is important to note that student loan debt is virtually impossible to discharge in any type of bankruptcy. Before taking on student loan debt, you should consider whether the potential income you are going to earn will be enough to pay off the student loan over a reasonable time.
