Quick Answer: Federal School Codes identify Title IV eligible institutions and determine whether private student loans receive bankruptcy protection. Students can check the Federal School Code List to verify if their private loans may be discharged in bankruptcy proceedings.
The Federal School Code List is a critical tool to use to verify if private student loans might be protected in bankruptcy. If the school was Title IV eligible and potentially protected they would appear on this list. Otherwise the private student loan may be able to be discharged in full in a special bankruptcy proceeding.
You can view the 2009-2010 code list below or here.
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