Finally some good news!

7 years ago

last modified: 7 years ago

It's taken about 6 months but it's finally done!

I learned with being on permanent disability that the government will write off all my student loans. It was a lengthy process but they finally did it!!

I pulled all my credit reports yesterday. They show all student loans at ZERO & all paid as agreed.

My credit score shot up without that $53,000 debt. What a relief as I couldn't pay back the loans with my tiny monthly check. That's 1 task done! Thank You Obama!!

Featured Answer

whistle_gw

7 years ago

Ultimately, the debts have to be paid. Do the colleges absorb them and then raise tuition? Just asking. Nothing in life is free.

Sort by:Oldest

Comments (14)

Annegriet
7 years ago
Congratulations. I"m glad for you. Have a wonderful day!
User thanked Annegriet
lucillle
7 years ago
last modified: 7 years ago
Scott,

Have you checked with the IRS? The discharged student loans may be reported as income for this year so you may owe some federal income tax on them. Still less than paying the entire loan though.

If you do get a tax bill, and if you have no assets and your check is just enough for necessities, the IRS may deem the tax owed as uncollectible, otherwise they will work with you on making payments.
User thanked lucillle
Related Discussions
finally got some good manure
Q
Comments (3)
Since I've been composting and making leaf mold since the 1970's and read and reread Sir Albert Howard I figured out that by creating and turning a hot pile the N is saved and weed seeds and pathogens are destroyed. I six weeks I can use this for a seed mix if I so choose. As for leaves in a pile; I would never do that. Leaves are fermented. Manures and forbs are composted. If I wanted to plug up and slow or stop my hot compost I would put a bunch of leaves in with the manure. When is the last name horses and cattle have dropped their manure in leaf piles...they do not live and eat in the forest.
...See More
Finally some good news! Rehabber update!
Q
Comments (3)
Donna, it truly is amazing sometimes how these birds can manage to beat the odds, especially without our help! Sue, I'm in N.E. Ohio. I know, I'm jealous of her. I don't think I'll be having that many birds any time soon! Just not my kind of luck. 2/5 eggs have hatched. Tomorrow is day 14. Hopefully I awake to the remaining 3 hatched! But for some reason, there are MORE HOSP juvies flying around, and I've only caught like 1 in the past couple days! RRGH! Wish I had a good BB gun! Why aren't they going into the DRST with the rest? ~Tim~
...See More
Finally some good quartzite info from supplier
Q
Comments (6)
I just had a quartzite installed called White Eternity. It was very very expensive at about $200 a sq foot and is absolutely beautiful. Unfortunately it does stratch. I was under the impression it wouldnt and even my fabricator said it shouldnt be behaving like that. I have yet to get an answer back. I am just trying not to look at those spots because I literally spent a small fortune and if I think about it too much it will just piss me off. So...what I am trying to say is yes, not all Quartzites are bullet proof.
...See More
Minot ND-some good news some bad news!!
Q
Comments (4)
Oh, Marie, I just can't imagine what you all are going through. I'm so sorry. I hope everyone can get the help they need....mainly from Mother nature....enough all ready! Keeping you all in my Prayers.
...See More
cooper8828
7 years ago
Great news!
User thanked cooper8828
OutsidePlaying
7 years ago
How wonderful! Very happy for you!
User thanked OutsidePlaying
coralee7
7 years ago
I wish they would write off my student loans lol. Good for you.
User thanked coralee7
sephia_wa
7 years ago
Good for you for being unburdened by that huge debt. Next to my mortgage, paying off my school loan debt was the most important bill to pay. School loans enabled me to have the career I have. I was always happy to make that payment.
User thanked sephia_wa
sephia_wa
7 years ago
I was originally told that paying off school loans was important because it enabled another student to get a school loan. Don't know if that's accurate though, or not. I also was under the impression that school loans were exempt from being written off when filing for bankruptcy. But I don't know this for sure.
User thanked sephia_wa
User
Original Author
7 years ago
last modified: 7 years ago
A 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 TEACH Grant service obligation on the basis of your total and permanent disability. Before your federal student loans or TEACH Grant service obligation can be discharged, you must provide information to the Department to show that you are totally and permanently disabled. The Department will evaluate the information and determine if you qualify for a TPD discharge.

If the Department approves your discharge request, we will notify you and the holders of your loans and/or TEACH Grant service obligation of the approval. We will also instruct the loan holders to return any loan payments received on or after your disability date to the person who made the payments. For this purpose, your “disability date” is the effective date of the VA’s determination that you were unemployable due to a service-connected disability.

After being notified that the Department has approved your discharge request, your loan holders will discharge your loans.

Sephia, I didn't file bankruptcy. This is a federally funded program only for the permanently disabled.

Whistle, the college does not pay this, they still got paid. My loan holder forwarded my debt to the government & it was paid for out of a government fund.

Since we all pay taxes, I'm sure we're the ones who funded the government benefit. So I thank each tax payer (myself included) for the help.
marilyn_c
7 years ago
Happy for you.
User thanked marilyn_c
blfenton
7 years ago
Oh I'm so glad. Sometimes life just ups and bites you in the a$$ and help is needed. It's such a relief when it's there.
User thanked blfenton
User
Original Author
7 years ago
I honestly didn't know such a thing existed. I called the loan company when I got permanent disability and said I don't know how I'm going to pay now. And they told me about it & what to do.
ravencajun Zone 8b TX
7 years ago
I absolutely love that dog picture!
User thanked ravencajun Zone 8b TX
lisa_fla
7 years ago
Great news! What a relief!
User thanked lisa_fla