Anyone who has looked into the possibility of getting their student loans discharged for a variety of reasons such a bankruptcy, a job loss or an inability to pay loans back typically receive a rude awakening when they realize discharging student loans is an extremely difficult proposition.
Filing for bankruptcy may get rid of your credit card debt and medical bills, but typically it will not get rid of your student loans. Luckily, if you are disabled and have been found to be disabled by the Social Security Administration, which entitles you to monthly benefits, it is possible to get your student loans discharged due to your impairments.
A total and permanent disability (TPD) relieves borrowers from having to pay back their student loans. Although Social Security does not determine whether your loans are discharged even you’ve been found disabled, that decision will be made by the U.S. Department of Education, it can have a big impact on whether you are considered to be disabled to get the loan discharged. Those that have been found disabled by Social Security can simply provide the Department of Education a copy of their award letter for either Social Security Disability Insurance (SSDI) or Supplemental Security Income (SSI) benefits.
The process is a little more difficult for people who have not been found disabled yet by Social Security, but it is still not impossible to receive a TPD by the Department of Education. A disability classification by the Veteran’s Administration can also help in receiving a student loan discharge and medical evidence from providers and opinions from your doctors that indicate you are disabled can also help get loans discharged.
To learn more about the process of getting student loans discharged due to a disability click here.
