Posted on
July 8, 2009
at
3:55 pm
Hello. I have a student loan (Direct Loan) that has been "Conditionally Discharged" due to me being permanently disabled. I am very confused
because I met all the criteria posted on FSA's website concerning disability discharge but just got blindsided by a notice in the mail that my
income must not exceed the POVERTY GUIDELINE for a family of two. I got a second letter letting me know that the poverty guideline for a family of two is
$14,570. I am baffled.1) This "Poverty Guideline" is nowhere to be found in on or around the FSA's guidelines on their own webpage pertaining to Permanent Disability Discharge. https://www.dl.ed.gov/borrower/QctrHelpIndex.do?SectionId=FAQU&APageID=QctrFaquA0602) I wouldn't have even bothered to fill out the paperwork and have my Dr. sign it if this poverty guideline had been stated up front.3) Even though we (Wife) make over the poverty guideline, which is ridiculous in itself, my medical costs have me pressed to the wall as it is.Can anyone enlighten me on this? I am afraid that if I call and ask the FSA about it, I will automatically trigger an income check. One of the letters states that they MAY contact me annually to check my income during the 3 year conditional period. Do they check? I am on SSDI so its shouldn't be hard for them to figure out how much I make. Plus the can check with the IRS. I just don't get why they blindside you like that.
Posted on
July 8, 2009
at
4:30 pm
Follow up. Just read the Application online and see under section 6 that there is a one line statement about the poverty line income rule. I seriously do not remember reading this on my application for which I am an idiot and didn't make a copy. All my usual organization and record keeping went out the window when I was disabled.....Guess I am toast. Typical. What do I do? Tell my wife not to work so we qualify? Ugh.
Posted on
July 16, 2009
at
4:08 am
I think we should try to figure out the terms carefully, understand what is meant by each, to take a look at a not, can not handle curves
Posted on
August 3, 2009
at
3:45 pm
The poverty guideline is not for family income - only your income. Basically, for the conditional discharge period (3 years) you personally cannot earm more that $14,570. After the three years (as long as you've met the conditions) your loan will be permanently discharge. Hope that helps.
Posted on
August 21, 2009
at
3:57 am
I have one question here, is it necessary to have a personal income for an individual if he wish to have an education loan for his further studies. My son wants to take a loan. Since i am already under debt, i just can t help him out. Any good suggestion can solve my problem. Thank you.
Posted on
November 4, 2009
at
1:53 pm
Hi I also have a question about SSDI I recieve disability income from social security and I also have students loans that were offset because of my disability. What i would like to know is if the Social Security disability payments are considered income? Annually I get 13,920 per year from social security....is this considered income by the people at the student loan discharge office..they told me that I could not earn more than the 14,500 for a family of two ...but that Social Security payments to me were not counted as income......Is that correct? i cant find out for sure....I like to play Santa at Christmas time and sometimes will earn about 2 to three thousand for the season. but that is the only income i have .
Posted on
February 27, 2010
at
4:08 pm
I believe they only count earned income from employment- not disability benefits of any kind. So your total for the year would be well below the cutoff point.My question is whether the discharge of loans ruins one's credit score?
Posted on
February 28, 2010
at
12:57 am
Despite the world crisis.There is still hope for a bright future.
