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Messages - willievermakeit

Student Loan Forgiveness / Re: New balance
May 11, 2020, 02:41:03 pm
Quote from: TheCollegeInvestor on May 11, 2020, 01:45:01 pmI'm not quite sure what you mean your "available balance renewed to your original balance".

Will the amount of money I'll be eligible to borrow again change and become higher.
Student Loan Forgiveness / Re: New balance
May 11, 2020, 12:14:38 pm
Quote from: TheCollegeInvestor on May 11, 2020, 09:29:32 amYou can go back to school, you just can't do any of the following (or have it happen):
- Get a grant or new student loan
- Your annual employment income cannot exceed the poverty guideline amount for a family of two in your state, regardless of your family size.
- SSA determines you are no longer totally and permanently disabled, or that your next disability review no longer meets the five-to-seven-year review period.

If any of those happen, your loans will be reactivated. It will be the balance from before you applied, excluding interest.

See our full guide here: Student Loan Disability Discharge.

Hey. I'm talking about my available balance for the subsidized and unsubsidized student loan money that I can take out After the whole loan forgiveness period ends in three years.

Will my currently low available balance of sub and unsub loans be renewed to the original balance since my old debts were forgiven?
Student Loan Forgiveness / New balance
May 10, 2020, 06:10:35 pm
From what I gather if you are accepted for the student loan forgiveness (disability) you must wait three years until the debt is gone.. if I decide to return to school and get accepted, what will be my new loan balance? Will it be a fresh start or will it be the remaining of my balance before I was accepted for loan forgiveness?