How long does disability discharge take?
How long does the total and permanent disability (TPD) discharge application process take? It typically takes less than 30 days to complete our review of the TPD discharge application. If your discharge application is incomplete or if a physician's response is held up, it can cause delays in the review process.
Can you get student loans after TPD?
If you're totally and permanently disabled, you may qualify for a discharge of your federal student loans and/or Teacher Education Assistance for College and Higher Education (TEACH) Grant service obligation.
What happens after TPD discharge?
After we receive your TPD discharge application, we will take the following actions: First, we will contact your loan holders and instruct them to suspend collection activity on your loans for a period of up to 120 days. This means that you will not be required to make payments on your loans for 120 days.
Can my Nelnet loan be forgiven?
The Public Service Loan Forgiveness (PSLF) Program forgives the remaining balance on your Direct Loans after you have made 120 (10 years) qualifying monthly payments under a qualifying repayment plan while working full-time for a qualifying employer.
What qualifies as total and permanent disability?
Total Permanent Disability (TPD) is a phrase used in the insurance industry and in law. Generally speaking, it means that because of a sickness or injury, a person is unable to work in their own or any occupation for which they are suited by training, education, or experience.
What qualifies as a disability for student loan forgiveness?
Federal student loan borrowers qualify for student loan forgiveness if they suffer from any mental or physical disability that is severe, permanent and prevents them from engaging in substantial gainful activity. Proof of the disability can come from a doctor, the SSA, or VA.
Do I have to pay back student loans if I am on disability?
If you have federal student loans, you may be eligible to have your loans canceled through a "total and permanent disability" (TPD) discharge if you become disabled. A discharge means that you don't have to repay the loans (with some exceptions—see below).
What happens after TPD 3 year monitoring?
Borrowers who receive TPD discharges based on SSA documentation or a physician's certification are subject to a three-year post-discharge monitoring period. If a borrower fails to meet certain requirements during the three-year monitoring period, the discharged loan may be reinstated.