Can Being Approved for Disability Lead to Student Loan Debt Forgiveness?

04/15/2013 // Wright Disability Firm // Wright & Wright // (press release)

After being approved for Social Security benefits many applicants that have certain types of unresolved debt question how they will be able to continue to pay their debts due to their income limitations. After one has been approved for Social Security Disability, they may no longer be able to afford student loan payments that they previously paid while working.

New rules released by the U.S. Department of Education could affect many Social Security beneficiaries who have student loan debt. Effective July of 2013, the repayment obligations of student loan borrowers who are deemed permanently and totally disabled by Social Security may be discharged.

Under the new regulations, the process to petition for student loan forgiveness will change, with more consideration being given for a disability determination made by the SSA. Current regulations call for a second determination to be made by the Department of Education independently about a petitioner’s disability.

For Social Security applicants who need help understanding their options with regard to verifying their eligibility for student loan debt forgiveness under the current or new regulations, a Social Security attorney or advocate may be able to provide support. It may be beneficial to request a free consultation with an experienced professional in the field to see how they can help applicants looking for answers to questions related to these types of matters.

The advocates of Wright & Wright, America’s Social Security Disability Firm? are available to help individuals file for Social Security Disability and Supplemental Security Income claims. The firm can help those who are newly filing for benefits or are in the process of appealing a claim that has previously been denied. If you need help, contact the firm today to request a free case evaluation.

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