7. False Certification Discharge If you've ever been falsely certified by your high school as a graduate or had an unauthorized signature on a student loan application, you may qualify to have your loans discharged. Another scenario that may put you in this loan forgiveness ring is if someone...
9. Guaranteed loan cancellation if you die Federal students loans are discharged if you die or become permanently disabled. Any parent PLUS loans taken out on your behalf will also be canceled if the parent who holds them dies. Death discharge isn’t a guarantee for private loans, though some...
The quest to learn more about student loans shouldn't end here. Follow the Student Loan Ranger blog, which offers guidance on the options that may forgive, discharge or pay for all or a portion of a borrower's student loans. You can also follow U.S. News Education on Facebook and Twit...
If you applied for your loan directlythrough the Free Application for Student Aid (FAFSA) formand were approved, you likely have a public student loan. Federal student loans come in specific forms from the U.S. Department of Education: Direct unsubsidized loans (no requirement to show financial...
Because of this decision, the $400-billion forgiveness plan has been canceled. Student loan forgiveness cannot move forward under this plan, even if an individual submitted an application and was deemed eligible for forgiveness. SEE ALSO:Official White House Twitter roasts GOP critics of student deb...
Loan discharge also occurs in the event of the student’s death, or the parent’s death if they took a parent PLUS loan. Generally less expensive: For most students, federal student loans are likely cheaper than private student loans. This is especially true for undergraduate students who don...
For instance, one robocall began: "This is United Services Student Loan Department with an urgent call to our clients regarding the new federal program, which now qualifies for complete dismissal and full discharge of all your federal student loans, as well as a refund of monies paid and remo...
CASE NOTE: BANKRUPTCY LAW-DISCHARGEABILITY OF STUDENT LOAN DEBT-APPLICATION OF FEDERAL RULE OF CIVIL PROCEDURE 60(b)(4) TO DISCHARGE-BY-DECLARATION PROVISIONSDorothea K. Thompson
TheAmerican Rescue Plan Act of 2021, signed into law by President Joe Biden on March 11, 2021, makes a crucial change to this student loan policy. According to Section 9675, borrowers receiving a discharge of their student loans no longer have to pay income tax on any balances forgiven thro...
Loan discharge. Your Perkins loan can be discharged for several reasons, which means you're no longer obligated to pay it back. Those reasons include death; total and permanent disability; if a school closed before a student could complete his or her program of study, as long as the loans...