Should I Take Disability Student Loan Discharge?

Should I Take Disability Student Loan Discharge?
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[@shirlakamaduke]

I just got mine TOTALLY DISCHARGED! Went the 3 yrs., but worked only p-t since Feb. Great burden off my shoulders.

[@kennethroach4626]

I got mind discharged waiting 5 more months and done.

[@Reagles8]

What was your disability?

[@shirlakamaduke]

@Jonathan PostNot clear on what discharged income means. My student loan was DISCHARGED ( that was a DEBT). SSDI allows for earned income (up to a certain amt.), is a set rate & mine was non-taxable

[@shirlakamaduke]

@Jonathan Post Oh, ok. I didn't work during the discharge process, & my SSDI wasn't taxable, I worked p/t AFTER student loan was DISCHARGED & NOT taxed as income

[@user-es5jq6yy9l]

if you have cancer but you get better before the 3 years are you allowed to work?

[@staceystrukel1917]

I have similar health issues too! It sucks. I work part time and am grateful for that but I doubt I'll ever work full time again. Its nice to hear this being discussed. There are alot more of us than people think! Best of luck to all going through this.

[@dominicbasta3460]

Poor son. He has both of his parents pass away and now her now mother having to deal with this. I hope you and your family be bless in the future.

[@CGSevenxPhoto]

Americans will jump to "you're lazy" quicker than they will ask "are you feeling okay?", and that is very costly.

[@txbre8758]

Lyme disease is the worst ever. I don’t know if it’ll get better honestly. I wish we knew. I have M.E & I’m lucky my job lets me work from home on my bad days

[@txbre8758]

Awh! Thank you. Things can be hard but I’m very lucky I’m not like the woman on the phone where I can’t work at all.

[@numanuma20]

Prayers for you.

[@tortoisehead30]

I didn't expect Dave to say this. Good job Dave.

[@amystroud9625]

She just can’t work for 3 years and has no student loan debt? That’s a pretty good deal. I wish her the best and hope she feels better

[@JK20239]

How? She basically is letting the interest accrue and then when she goes back to work, higher debt load.

[@amystroud9625]

Joshua no she’s getting her debt forgiven because she’s classed as permanently disabled. It’s a 3 year period that she can’t work. If she goes back to work during that time then the full debt and interest returns. Otherwise if she has treatment and needs the 3 years or more to recover she doesn’t have to pay the $70+k at all.

[@brianabee88]

idk if it's a good deal...she's sick and can't work and still has to eat. that's stressful

[@JK20239]

I thought permanently disabled meant no coming back to work? what a scam?

[@amystroud9625]

Briana BEE she’s getting disability payments so she’s not without income

[@icedcoffeeandbookss]

Thank you so much for posting this. I’m disabled too and just turned 18 so I’m currently trying to figure out if I need SSI or not and all that kind of stuff. People don’t talk about it much so this is a great video.

[@Karma-f9s]

Yup! I get that response as well. Going through medical evaluations now...ignore haters, they are ignorant.

[@lisalister8002]

Best wishes to this caller!!

[@woodswal]

I feel for her. I am going through the same.

[@rondierice4922]

Health care and Education cost are destroying what is left of the middle class 🤑

[@elmateo77]

Take 3 years off, then enjoy not having student loans. It'll be rough living on $1600 a month over that time, but making 42k a year with 75k in student loans you'd basically be doing that anyways. At least this way you'll get to spend the time with your kid.

[@erinallen7363]

1600 a month? Where do you live? I have the maximum amount of ssi benefits and it’s under half that

[@maryosborne9379]

At least her doctor is helping her I been disabled (SSDI) for 12 years and no doctor came to my rescue.. I was on SSDI before I was diagnosed with cancer.

[@cougarmoorhead-douglas1972]

Thanks, I am on Disability, because of Tracheostomy and lungs issues and tumors in my neck and throat. This helps me tremendously. I am getting a degree and training to be a Chaplin. It will take time. This helps me with great wisdom to know what to do. Love your advice.

[@jerseynurse6878]

That’s a shame. I hope things get better for her.

[@tenzindakpa7500]

Hi Dave, I have been watching all you videos, I enjoyed all your videos. More than handling people’s finances, you are making a huge difference in people lives with life choices, and changing their future through financial motivation. To life a successful life even though on the outside let it be, money. Thanks for all you do! 👍🏽

[@CGU123-k9r]

If she's as disabled as she says just take 3 years off and get debt free in 3 years. Which would be about the same time (give or take her savings) if she still went back to work with a 40k bookkeeping job. Like work or take 3 years to heal while getting your debts paid off doesn't seem too bad to me imo. Why would you take it just to get off months later I dont understand that part?

[@sagepirotess6312]

If she makes any money over 200 a month, she loses all benefits. It takes months to reapply.

[@erinallen7363]

My biggest worry is the forced poverty you’re under living only on ssi. For 3 years no less

[@wolfofdubai]

“When something is important enough, you do it even if the odds are not in your favor.” *ELON MUSK*

[@bunnie1294]

lol He must've thought that cybertruck was important enough then lol

[@MrMartellSincere]

I have been on disability since I was a kid and I wonder if I qualify for this?

[@chevyboss97]

I'm actually in that 3 year forgiveness program also due to a disability. But what they don't tell you is depending on your actual case and health evaluation, those 3 years can switch to 5 or even 7 years so I'd be careful in just thinking it's only for 3 years. I'm still waiting on my response oif they'll change my time 🤞🤞🤞🤞

[@turnovertheleaf5505]

If you get permanently disabled, apply. Simple.

[@langr752]

I just got denied for my TPD Discharge. I dont get it. I was disabled 1 yr i after i graduated college. Never got a chance to work it took two years to get disability. Its been 10 years, i receive SSDI, its 3 years from one recert to another… its only gotten worse as time as gone by… they expect me to pay almost a third of my ssdi check each month in student loans… im at a loss and entirely defeated

[@NatoyaGabble]

Have your doctor fill out the discharge form.

[@emfprotection5146]

my nephew had chronic lyme for 10 years, horrible co-infections, terrible symptoms. found a person who has cured over 2000 people, 20 days after meeting the man, my nephew is 100% back to his normal self. He is in Europe, black forest. The medical community and authorities threaten him all the time because his approach works without them profiting.

[@jorgedesantiago9410]

I am on Student Loan Discharge, and I am an amputee left leg above knee level with a $33500 dollar student loan which will disappear in three years. I am paying for my college classes in cash and live with my SSI $790 dollar a month check. I am a Game Developer & Customer Service Representative.

[@lalala1813]

Hi, are you a veteran? Are you a full time student? I would like to apply for ssi but didn't know you could go to school and be on ssi

[@manofsteel6616]

My student loans were discharged due to my heart condition, and even though I have the documentation that shows it’s discharged , it shows up on my credit as debt --so it makes my income to debt ration look high even though I don’t pay anything being they are discharged !

[@leilanikuuipo6004]

I'm very ill and it took me 20 years to get rid of my student loans. She can work from home. It's a longer process to ever get her loans discharged. All she can do if forbearance.

[@sagepirotess6312]

She can use a phone, keyboard and webcam. So yep she can work from home.

[@andrewf4623]

Good luck finding a full time work from home job that pays above peanuts. VAST majority of people in full time remote work got the experience to do so (and first proved themselves) in an office setting. Very few companies hire strangers to work from home full time unless it’s some scam pyramid scheme / online survey taking etc

[@sagepirotess6312]

@@andrewf4623 doesn't matter to the gov if she can earn peanuts. If ahe xan do any work, she is not disabled. Thus they may take back payments. After all she talked on the phone, 1900 gal, webcam, so on. She is not as disabled as she let on.

[@Long_Machine]

Ok, I believe now I understand how it works but please help me confirm my understanding; I have a 100% service-connected disability through the VA but I am determined, employable, so if I take a loan, graduate and eventually return to work my loans are not forgiven, right? Essentially, TPD discharge is meant for people who become disabled and can't pay their loans and don't return to work?

[@katrinaumana2127]

Yes you qualify 👏

[@deewhitd]

How do I go about doing student loan discharge. I have received my disability approval?

[@nainiajayreddy]

That’s a pretty good deal.

[@my2jedi]

Something he didn't touch on is the effect on her income taxes for the year in which the debt is forgiven. I faced that years ago, and the only thing that kept me from having to pay the IRS nearly the amount that was forgiven in student debt was the mountain of medical bills. I was declared "insolvent."

[@lgee9027]

For federal taxes, not sure of state taxes. If any one knows please comment

[@mommomsmith3804]

How long between the discharge and the check

[@andrewf4623]

2:29 did she just casually throw in that her “kids and dad passed away”?!

[@beatquakemusic9543]

Her kids Dad

[@corinnemcwilliams3954]

It did sound like that..

[@sweetcinnamonpnchkin]

Sometimes you can temporarily become numb to it. She has a disease that is preventing her from functioning normally and mental/emotional baggage from the deaths. She is in “survival” mode. I’ve been there and it’s not easy.

[@nas0075]

I have student loans, became disabled due to auto accident. I also have RA. Declared disabled by a judge. Thing is, I was a caregiver for my mother who had terminal cancer so I was not working when I became disabled. So even though I have the credits I don't have a right to benefits, and also denied SSI because I own property in Europe. When I looked into getting loans discharge I was told I need to show I am receiving SSI. How can I get this loan discharged?

[@NatoyaGabble]

Get you doctor to fill out the discharge form

[@kristinel6352]

If you take the discharge you get hammered in taxes. They count it as income which then screws you over twice.

[@JK20239]

If your insolvent, you dont pay a dime. So if your broke af, you dont pay any.

[@kristinel6352]

@@JK20239 not true...being insolvent has no bearing on if one is disabled. Disability is determined by law and medical professionals.

[@GeorgeTraGiC]

As of January 1, 2018, if you get your student loan debt discharged due to disability, you won't be taxed on the discharged amount. This is big news, because prior to then, you would get taxed on that amount

[@blh1442]

If you are disabled veteran then the three year survelance does not apply.

[@amazingbecky4386]

Brenda H Yep, I recently had my student loans forgiven due to being a disabled veteran. However, I won’t be able to work again even in three years.

[@tezh5897]

@@amazingbecky4386 Wow what a blessing! Do you have to be 100% P&T or can you just be 100%?

[@J.Shabazz]

@@amazingbecky4386 No veterans aren't included in the 3 year monitoring period... I just got mines discharge no monitoring period

[@belovedqueen4572]

@@tezh5897 She most likely has 100% unemployability. In that case you are not allowed to work. I have 100% employability which means I can still work.

[@LynsZen]

Mr. All to Well how long did the process take?

[@gsquared2394]

Lyme ruins lives

[@FastCarClaire]

For anyone if u have to think about Taking disability loan forgiveness then suffer with the payments if it can be forgiven take it!

[@kayp4601]

She should apply

[@danielson_9211]

Question I have is if the student loans are forgiven is it going to wreck your credit score when you lose that credit history in terms of length payment history and accounts? I ask because mine are 8 years old and losing the history and the loans dropping off in 2 years might cost me 50 points or more.

[@chrisstaub5880]

And why do you care about your credit score?

[@QueenRissa_34]

He said “Thank the Lord, you get better and pay off $72k”......😭😂😂

[@joynickerson5102]

🙌🏾

[@JK20239]

So if your disabled, does the interest keep accruing? If so, theres no way out. If you ever go back to work, you have an even higher debt load

[@sea_hous]

No it does not.

[@sparklebell7475]

No Joshua interest not keep accruing once your loans are discharged, it stays the same; but if the loans were still being paid, then it will accrued interest overtime even if you are disabled!!!

[@sunset6010]

Please try : -RAW juice - Trace minerals It helps healing. Special blessings to you

[@yelnatspowerzz4970]

yeah she aint going back to work...

[@etaylor8028]

I like Dave's advice but he's quite unnecessarily rude sometimes

[@SoCalFreelance]

I'm searching KZbin for information on Lyme disease

[@jerrywaynecalloway]

3 years information she saying is not accurate

[@vinnyt.8027]

I'm gonna go hiking in tick infested woods

[@amandah3205]

@dachicagoan no way... Feel like you have the flu near constant. Brain fog and reactions to foods... I wouldn't curse it on my worst enemy.

[@rondierice4922]

Lyme disease is no fun !

[@Ryan_DeWitt]

Still a lot of debate in the medical community about "chronic lyme disease."

[@DisabilityExams]

It's nonsense.

[@funsizepolitics6107]

@@DisabilityExams Explain please

[@Misscutieful1]

Ryan De Witt what do you mean?

[@Ryan_DeWitt]

@@Misscutieful1 Meaning that while lyme disease is a proven condition, chronic lyme diseases is not and isn't even technically a valid medical condition on paper. Most people treated for lyme disease recover just fine. However a small % after treatment claim symptoms for which they can currently find no cause. Lots of doctors and scientist on both sides.

[@Ryan_DeWitt]

@@LJ542 You apparently have no clue on reading comprehension. I am simply stating facts, not taking sides. Sorry but anecdotal experiences are not facts.

[@IamtheGL]

Hmm 🍿

[@redrobin1193]

She gets paid to do nothing.

[@kylemccormack4120]

It’s called being disabled. She’s unable to work. Good grief.

[@HiHi-jr6mo]

Hey Dave I’m your new bestie deal with it

[@ChristoherWGray]

Lots of SSI in that family Plenty of government cheese to go around

[@auntyuber5127]

Me thinketh student loans for 4 years, max that momma out, then a long walk in the woods......

[@ChristoherWGray]

In this episode Dave assists in scamming the american tax payer

[@mosi8079]

First one ☝️

[@jerseynurse6878]

Kwazi Xpress goofy lol

[@auntyuber5127]

Stf up