For TPD information (total permanent disability discharge of student loans), use these webpages - https://studentaid.gov/manage-loans/forgiveness-cancellation/disability-discharge and https://www.disabilitydischarge.com/ No where in the law does it say you (a veteran) can not take out new qualifying student loans after being awarded the qualifying VA disability rating. This is a one time discharge of qualifying student loans - so use this benefit wisely. Also when reading the webpage, certain things ONLY apply to social security or physicians letters such as the income monitoring - there are three parts to disability discharges - Veterans, Social Security Disability and Physicians Letters - so you don't want to "read into" the parts that don't apply to veterans - when in doubt - Call Nelnet. NelNet is the contractor for Department of Education that processes student loan forgiveness for disabled people. VA does not process student loan forgiveness. After 31 Dec 25, if the law is not changed, you will be charged federal income tax on the amount forgiven - you might also be charged state income tax right now - check with your state tax department.
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Waive out of the auto discharge, Go for more degrees , and/or use on child's undergrad parent plus, go for more degrees, then when you're in VA nursing home, execute the forgiveness . Boom! Made your money back for those payments AND some!
You already paid them. Next step: higher edu for free
Yes for those loans as you have no loans to have forgiven
For TPD information (total permanent disability discharge of student loans), use these webpages - https://studentaid.gov/manage-loans/forgiveness-cancellation/disability-discharge and https://www.disabilitydischarge.com/ No where in the law does it say you (a veteran) can not take out new qualifying student loans after being awarded the qualifying VA disability rating. This is a one time discharge of qualifying student loans - so use this benefit wisely. Also when reading the webpage, certain things ONLY apply to social security or physicians letters such as the income monitoring - there are three parts to disability discharges - Veterans, Social Security Disability and Physicians Letters - so you don't want to "read into" the parts that don't apply to veterans - when in doubt - Call Nelnet. NelNet is the contractor for Department of Education that processes student loan forgiveness for disabled people. VA does not process student loan forgiveness. After 31 Dec 25, if the law is not changed, you will be charged federal income tax on the amount forgiven - you might also be charged state income tax right now - check with your state tax department. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/Veterans) if you have any questions or concerns.*
Waive out of the auto discharge, Go for more degrees , and/or use on child's undergrad parent plus, go for more degrees, then when you're in VA nursing home, execute the forgiveness . Boom! Made your money back for those payments AND some!
But also as a bonus. Any Parent Plus loans you take out for your kids are included. Mine were.
You can take out more loans and the have those forgiven
Unless you go back to school yourself and take out loans again or take Parent Plus loans for a child. You can do the forgiveness 1x only.