False Certification Discharge: What Student Loan Borrowers Should Know. How to Qualify for TPD Discharge To qualify for a TPD discharge on a federal student loan, you must meet one of the following criteria: Certification by the U.S. Department of Veterans Affairs, or VA, determining that you...
Kramer Levin Attorneys Win Student Loan Discharge for Veteran ClientJohn P. “Sean” Coffey
Student loan payment requirements have resumed. Here's what to know. Americans with student loan debt need to begin repaying their loans again after a hiatus of more than three years. Oct 1, 2023 Student loan forgiveness scams are surging: "Full discharge " of debt Scammers are seizin...
When it comes to student loans, they are commonly categorized as unsecured loans. In simple terms, this means that there is no collateral involved in securing the loan. Unlike a secured loan, where the lender has the right to repossess the collateral if the borrower defaults on the loan, u...
If you don’t want to wait 20 years to reduce or eliminate what you owe, here are other options to help discharge that debt sooner. Public Service Loan Forgiveness Public Service Loan Forgiveness(PSLF) is one of the most well-known student loan forgiveness programs. To qualify for PSLF, bo...
Student loan discharge for disability Military members can also qualify for interest rate reductions and rate caps, as well as special deferment periods. What you need to know You’ll often need to commit to a certain number of years in the active military to get help with your debt. Loan...
Less relief: Some part-time loans may not offer ideal deferment, forbearance or discharge options. Potentially higher cost: Depending on the loan you choose, you may pay a higher interest rate and/or higher fees than what you might get as a full-time student. Other Financial Aid Options for...
Closed School Discharge You may be eligible for discharge of your Direct Loans and FFEL Program loans under either of these circumstances: Your school closes while you’re enrolled, and you do not complete your program because of the closure. Any federal student loan obtained to pay your cost...
Loan amounts Minimum:$1,000 Maximum:Up to 100% cost of attendance Variable APR4.79% to 14.96% with auto debit discount Fixed APR3.49% to 15.49% with auto debit discount Terms10 to 15 years (20 years for medical and dental school loans) ...
4. Total and Permanent Disability Discharge If you're disabled, you may potentially qualify for federal student loan forgiveness. To qualify you must be considered a totally and permanently disabled person, which is defined as someone who can't engage in any "substantial gainful activity" because...