How do I qualify for a loan discharge due to my disability?

In Wisconsin, individuals with disabilities may be eligible to have their student loan discharged if they meet certain qualifications. To qualify, you must provide documentation from a licensed doctor, doctor of osteopathy, or psychologist in the United States that confirms your disability. This documentation must include a detailed statement of the disability and how it prevents you from continuing to make student loan payments. You must also provide proof that the disability has lasted at least 60 months, or five years, or is expected to last that long. Once you have the necessary documentation, you must submit it to the Department of Education along with your loan servicer. The Department of Education will review the application and contact you to confirm the status of your loan discharge. If your loan is approved for discharge, you will no longer be obligated to make payments. It is important to note that student loan discharges due to disability can only be applied retroactively. That means you cannot apply for a loan discharge until after your disability has persisted for five years or is expected to last at least five years. Your loan servicer must also evaluate and approve the discharge before it can be granted. Additionally, there may be tax implications for a student loan discharge due to disability. You should consult with a tax advisor to understand the potential implications and to determine if you can qualify for any tax benefits.

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How do I qualify for a loan discharge due to my disability?

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