Once they initially discharge the loan, will they refund any money you paid, how does this affect credit rating? How is this to be handled if the applicant begins working again after qualifying for the loan discharge?
If you qualified for Federal Student loan discharge due to disability,if you work again what is the procedure?
when they discharge the loan, it means you will never be able to work so if you do go back to work, they will come after you for the amount of the loan plus interest. Credit rating will suffer some due to discharge but what do you need credit for anyway, especially being disabled? Save up for things you may want and pay cash. You will be far better off and you will never have to worry about what your credit rating is, as well as you will get a much better deal when you deal in cash. They do not refund any money paid in as it was paying down the loan amount.
Reply:NO, once it is discharged you can work as much as you like, the gov't can never come back to you to get the money. That's the loophole. Call the dept of ed conditional disb discharge dept they will tell you the same thing. Report Abuse
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