If you're a disabled veteran, student loan forgiveness could be in your future

Kaylah Jackson
August 28, 2018 - 2:35 pm

Dreamstime

Categories: 

If you’re really lucky, you didn’t have to take out student loans. But if you’re one of the 44 million borrowers with student loan debt you'll probably be making payments for quite some time. There is good news, however, for disabled veterans with student loans, there is a way to lighten some of that financial burden.

In April the U.S. Department of Education announced they wanted to make it easier for disabled veterans to have their loans forgiven. If you have student loan debt but your service-connected disability prevents you from being employed, you could qualify for a Total and Permanent Disability (TPD) discharge.

If you qualify for the TPD discharge, you won’t have to repay your Direct Loans, Federal Family Education Loan (FFEL) Program loan, and/or the Perkins Loan. And since the VA already keeps a record of veterans and their service-connected disabilities, finding out if you qualify is quite seamless.

Earlier this year the Department of Education starting mailing out notices to veterans who can receive this benefit. If you’re eligible, you’ll receive this letter in the mail, that means you have the green light to complete the application, either by mail, over the phone or online.  You can click here to start the online application process and since the agencies are aware of your service history, you won't have to fill in too much online. In fact, you won't have to mail in any documents from VA, they already have information on file about your disability rating. If using the web isn't for you, you can contact the Department of Education by phone at 1-888-303-7818 or email to start your application. 

Once the department receives your application, activity on your loans will be suspended for 120 days, while they review your eligibility. Keep in mind, disabilitydischarge.com, is the only website that you should use to apply for TPD and it's free. If you see advertisements asking you to pay for an application or submit documents, chances are, it's a scam.

Now, if you think you qualify for TPD but haven’t received your letter, you should still visit the website to fill out the application. Letters are sent varied throughout the year, so keep an eye on your mailbox!

       Contact us about this article or share your story at [email protected].