Obama to forgive the student debt of permanently disabled people:
By law, anyone with a severe disability is eligible to have the government discharge their federal student loans. The administration took steps four years ago to make the process easier by letting people who are totally and permanently disabled use their Social Security designation to apply for a discharge, but few took advantage. The Department of Education is now taking it upon itself to identify eligible borrowers and guide them through the steps to discharge their loans.
“Too many eligible borrowers were falling through the cracks, unaware they were eligible for relief,” said Education Under Secretary Ted Mitchell in a statement. “Americans with disabilities have a right to student loan relief. And we need to make it easier, not harder, for them to receive the benefits they are due.”
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I second that !!!!!!
Okay this is AMAZING, BUT (and this but is bigger than mine) IF YOU GET YOUR LOAN FORGIVEN IT GETS REPORTED AS INCOME!!!!
They’re working to fix the problem, but it COULD impact your disability eligibility.
BE CAREFUL!!!
They are absolutely working on closing the loophole. But it’s not closed yet!
This post has more information. I don’t have a lot of sources for this, but just take care of yourselves!
from Tumblr http://ift.tt/1Sjvrhv