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How can your loans be forgiven if they are in default and you are disabled?
Wiki User
∙ 8y ago
https://www.acs-education.com/bac/FFEL/DefermentQualifications.HTML#Disability
There is a Temporary Disability Deferment Request form that you would need to fill out and have a physician sign.
This form is available at the URL above.
I was in college in 1999. I became disabled with Reflex Sympathatic Distrophy and could not continue school. I am receiving SSI. I filed the papers for the loans(4000) to be forgiven. My doctor filled out his portion. I sent it in and thought that was the end of it. Now every year I get a letter from EDS saying it is still owed. I sent them copies of my disability 3 times. It has become a bad mark on my credit. My SSI is 564 a month, my rent is 530 a month and I am trying to raise my 13 yr old son on this. The best advice I can give is BEFORE you send the letter from your doctor make several copies because each time they sell you student loan / send it to collections, they leave out the fact that you are permanently disabled and you have to go through the whole process of re-filing your disability claim.
I was in the same position.When the crediter wrote and called me I informed them of my disability and was referred to another arm of the crediter.They sent my loan back to ED's where you can begin to get your loan totaly removed after being disabled for 3 years. I am not sure how the credters work ,but when they found out my only income was SSI,which they can't touch,it was less than 2 weeks before I heard from ED's.This is a permanent disability.
Wiki User
∙ 8y ago
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How long before outstanding student loans are forgiven?
It doesn't matter how long you had the loan, you have to pay it back unless you are disabled, a teacher in low-income schools, part of the peace corps, or the school forged your signature.If you have a federal direct student loan you can go on an income-contingent plan that will forgive loans after 25 years in repayment.25 years is the max---Never default on the loan.Many payment plans out there.Once you default you can never arrange and special payment plansThanks Casey Mahoney
Do congressional children pay back student loans?
They are not automatically forgiven their student loans, if that's what you're asking. The word "loan" implies that it's supposed to be paid back. Some children of congressmen might default on their loans, but they're on the whole not treated (at least in theory) any different than anyone else.
What are the default rate statistics for micro business loans?
According to Business Week Magazine, the default rate is 4%. Kiva, a non-profit micro loan organization reports a 2% default rate. Micro loans generally have a lower default rate than conventional SBA loans.
Can you still get federal student loans if you have defaulted on other student loans that are now deferred?
If your loans are in a Deferment, then they were never in a Default status, they may have been delinquent. You are not eligible for Deferment while loans are Default. So to answer your question, yes you are eligible to take out additional loans if you are in a Deferment.
Can you get a student loan default off credit?
Actually, the default will stay on your credit indefinately until you get out of default. Student loan default on Federally Guaranteed student loans has no statute of limitation. If you consolidate your defaulted student loans, they will show up as Paid In Full on your credit report. You can get help with the consolidation of your student loans through www.defaultms.com Any default is going to stick around for about 7 years.
Is it true that divorced single parents are able to have their student loans forgiven and also receive extra money for child care?
The only Federal Loan Forgiveness information that I am aware of is as follows: If you die your loans are forgiven If you become perm. disabled your loans are forgiven
Are student loans forgiven after age 60?
Are student loans forgiven at age 60? Are student loans forgiven at age 60?
Can you be forgiven of student loans if your school closes?
No, your student loans will not be forgiven because your school closes.
How long before outstanding student loans are forgiven?
It doesn't matter how long you had the loan, you have to pay it back unless you are disabled, a teacher in low-income schools, part of the peace corps, or the school forged your signature.If you have a federal direct student loan you can go on an income-contingent plan that will forgive loans after 25 years in repayment.25 years is the max---Never default on the loan.Many payment plans out there.Once you default you can never arrange and special payment plansThanks Casey Mahoney
Where can you find loans for disabled people?
Anywhere that gives loans to people that arent disabled. Bank, credit cards, etc all give loans to disabled people, they are not allowed to discriminate.
How can a single mother with default loans get financial aid?
If you are in default on federal student loans you are not eligible for financial aid until you get them out of default.
Can student loans be forgiven if you are working with the homeless and DOC clients as an outreach and substance abuse counselor?
Generally, no. You're not a teacher, a childcare worker, or a military service-member. Actually, some student loans are forgiven if you work in certain jobs with certain populations. My Perkins loans were forgiven because I was employed as a program manager in a family homeless shelter. This was a federal forgiveness program. My husband worked as a public school teacher with disabled children and had an opportunity to have some of his student loans forgiven under a program run by the State of Florida. Loan forgiveness can be worth thousands of dollars so it is worth it to check with your lender to find out if there are any programs that suit your situation.
Do congressional children pay back student loans?
They are not automatically forgiven their student loans, if that's what you're asking. The word "loan" implies that it's supposed to be paid back. Some children of congressmen might default on their loans, but they're on the whole not treated (at least in theory) any different than anyone else.
Can I still get help if my loans are in default?
If your loans are Federally Guaranteed Student Loans, like Stafford or Perkins loans, then yes there is help. This company specializes in helping people that are in default: www.defaultms.com
single disabled father grants and loans ?
i am a single disabled father looking for gov. loans or grants to get out of debt ,and start a small business.
If you have outstanding student loans and die is the estate charged for the student loans?
Actually, that's not true - student loans are forgiven when the student dies.
What are the default rate statistics for micro business loans?
According to Business Week Magazine, the default rate is 4%. Kiva, a non-profit micro loan organization reports a 2% default rate. Micro loans generally have a lower default rate than conventional SBA loans.
