Thursday, August 19, 2010

Anyone ever discharged federal student loan for special circumstances;false certification/ability to benefit?

Federal student loan discharge question:








At the time the student was enrolled in the school they were not aware of what was going on. They did not know they were being signed up for school, they just knew they were in some building basically. They were going to counseling with a psychologist, and also, the school signed their signature on loan applications etc....also this student could not have benefited from going to the school. Now the student has received Loan discharge applications, is it likely that their loans will be discharged, and has anyone ever been through this process?

Anyone ever discharged federal student loan for special circumstances;false certification/ability to benefit?
I am assuming you read through the disability discharge info and don't think you qualify, so now you are trying to do a false certification of inability to benefit or say they falsified your signature. :-(





Here is my take: I think false certification of ability to benefits are pretty rare now. Prob because those schools who did it in the past are long gone. This is my opinion and my opinion only: but if the school is still up and running, your case does not look good. All schools that I know of require ability to benefit assessments before you are admitted. It is standard and required by the dept of ed before any school can be eligible to receive Federal funds.





Also, if you are in default and continue to be in default, you will not be able to receive further financial aid and it will be reported on your credit reports. When you are in default, your income tax refund can be seized and your wages can be garnished.





I think the disability discharge is probably the most common discharge. Simply because it occurs more and is fairly easy to get documentation to prove. At least it was for my hubby.

teeth grills

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