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re: At least half of students defaulted or failed to pay down debt within 7 years
Posted on 2/22/17 at 10:57 am to shotcaller1
Posted on 2/22/17 at 10:57 am to shotcaller1
quote:
That's not what I said. permanent disability is grounds for forgiveness/dismissal.
quote:
A total and permanent disability (TPD) discharge relieves you from having to repay a William D. Ford Federal Direct Loan (Direct Loan) Program loan, Federal Family Education Loan (FFEL) Program loan, and/or Federal Perkins Loan (Perkins Loan) Program loan or complete a Teacher Education Assistance for College and Higher Education (TEACH) Grant service obligation on the basis of your total and permanent disability.
Sorry, I didn't know that. But that's only for certain types of loans, which I assume are mostly undergraduate loans. Federal direct unsudbsidized Stafford loans, which are what most students use for medical school or dental school (and I'm guessing most other grad school) loans, are not eligible for forgiveness due to disability, even permanent disability.
Posted on 2/22/17 at 11:00 am to Patron Saint
quote:
Federal direct unsudbsidized Stafford loans, which are what most students use for medical school or dental school (and I'm guessing most other grad school) loans, are not eligible for forgiveness due to disability, even permanent disability.
What about death?
Posted on 2/22/17 at 11:12 am to Patron Saint
Any federal loan program is eligible for disability discharge. This includes Subsidized, Unsubsidized, Perkins, PLUS, FFEL etc. This also includes any grad school, law, vet, or medical school loans, Unsub or PLUS .
The only loans not included would be a private loan through a bank or 3rd party.
The only loans not included would be a private loan through a bank or 3rd party.
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