Depending, upon your student loan/lender, when you are found disabled by SSA, your loans may be forgiven. Some, but not all lenders will do this now.
President Obama introduced an executive action in April 2016, that will help all disabled people discharge their student loans. To qualify, you must be found totally and permanently disabled, and medical improvement is not expected. This action should help approximately 380,000 individuals receiving SS Disability.
However, there may be tax consequences if your loans are discharged, you will need to contact your lender for additional information to determine whether or not this may benefit you.
Please visit our website: www.socialsecurityjustice.com or contact one of our Bailey & Galyen offices for additional information.
