Recently approved for Social Security Disability, unable to work and am in default on student loans. The amount I will be receiving from Disability is less than one-fourth of what my net income was when working. Lost my home and car due to loss of income.
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Is there a way to have the student loans discharged due to no longer being able to work and permanently on disability? Thank you.
You might be in luck here. If you only have federal student loans and Social Security has already approved your disability status, then you should look at how to eliminate your student loans completely.
If they are private student loans then you’d have to talk to the loan holder to see if they have a program to help. Most private student loan holders offer little permanent forgiveness.