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Northeastern Pennsylvania Scranton, Wilkes-Barre, Pocono area
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Old 05-24-2011, 06:43 AM
 
2,760 posts, read 3,953,372 times
Reputation: 1977

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Hey all, since this areas economy and wages are so depressed and money is always an issue I thought I would share something I recently learned. We have all been told that student loans are NEVER FORGIVEN. While that is mostly true, if anyone has had the bad luck to become disabled while still paying loans in good standing, contact your lender, there are programs that will forgive the entire balance.

I have always been faithful on paying my loans, no matter what my financial picture was, one day on the phone with with lenders service office discussing an expected increase in my monthly payment, I mentioned I have been on disabliity since 2002. As it turns out my lender is a particpator in this program, since I have always been in good standing, it looks like Uncle Sam is writing it off.

A great deal of documentation is needed and a doctor is required to sign off, but if you are in this boat, you might get a life preserver!

 
Old 05-25-2011, 05:05 AM
 
13,254 posts, read 33,523,221 times
Reputation: 8103
Off topic for NEPA.
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