I have become disabled and will be receiving SSDI soon. I need to get out of this troubling heay load of student loans but I see no way but a long dark tunnel. Can anyone help give some advice on how I can get out of this mess?
I think if you are considered permanently disabled federally guaranteed student loans are cancelled. You should check this out with US Department of Education and your state guarantee agency. Also, I am very sorry to be the bearer of bad news, but my understanding of student loans is that the law is TOTALLY on the side of the lender. Even if you file bandruptcy, you cannot get out of a student loan. If they lose track of your payments – it’s up to YOU to prove that you paid them. But even if you have proof, if they say you owe it, then you owe it until they say you don’t.
It seems you are at the mercy of the lender, unless there is something I don’t know about.
As they are ‘federal’ you could directly contact them now and ask about lower payments and even ask about a relief program for students who like you become disabled while in school, or after they’ve graduated. Not sure other than the same things us ‘no feds’ have had to do.
I’m sorry this happened to you, but hopefully the government programs will have some safety nets.
Unfortunately, this is not true. Let me look up the law and be certain. It will take a day. No, Lockhart, a very recent Supreme Court case decided this term, held that the debtor was liable.
I have to see a lawyer myself because of this ruling. Congress is ruthless with student debt. The Lockhart plaintiffs had wonderful sob stories. I did ask for a temporary hold when I became disabled. I was in denial. Of course, I’m talking about Social Security Disability benefits. I think because SSI is welfare it can’t be attached. They are withholding Social Security checks. I will look up the statutes and case law because it directly impacts me.
Horrified. Too scared to deal with it.
More info here – https://studentaid.ed.gov/sa/repay-loans/forgiveness-cancellation