Age Discrimination Loan Denial

Summary

Being denied a student loan renewal due to bankruptcy within five years may not inherently be age discrimination. However, the Age Discrimination Act of 1975 prohibits age-based discrimination in federally funded programs. The five-year rule could disproportionately impact older individuals. Consult a local attorney for a detailed evaluation of your case.

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Can I sue US Dept of Education for discriminating against me based on age for denying me a student loan?
Hello ****, being denied a student loan based on age could potentially be considered age discrimination. However, the specifics of your situation would need to be evaluated. Could you provide more detail about why you believe your loan was denied due to your age?
I had a loan, they denied renewal because of bankruptcy within five years, and the "extenuating circumstances" require being discharged for five years. I am older and five years will make me extremely uncompetitive. Five years is nothing to a twenty year old, it is everything to a 55 year old.
Hello ****, it seems like your issue primarily relates to bankruptcy rather than age. However, you could potentially argue that the five-year rule disproportionately impacts older individuals. Here are some points to consider:
- Age Discrimination in Employment Act (ADEA) protects individuals who are 40 years of age or older from employment discrimination based on age.
- The Age Discrimination Act of * prohibits discrimination on the basis of age in programs and activities receiving federal financial assistance.
- Bankruptcy laws in Virginia do not have specific provisions related to age.
Please consult with a local attorney for detailed advice.
This is discriminatory effect
Hello ****, I understand your concern. By the Age Discrimination Act of *, it's illegal to discriminate on the basis of age within federally funded programs. However, the Dept. of Education's *-year rule after bankruptcy is not inherently discriminatory. You may want to consult a local attorney for a detailed evaluation.
thank you.
You're welcome, ****. If you need any more legal information in the future, don't hesitate to reach out. Best of luck with your situation.