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LOAN DISCHARGE APPLICATION:TOTAL AND PERMANENT DISABILITY Federal Family Education Loan Program / Federal Perkins Loan Program / William D. Ford Federal Direct Loan Program
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How to fill out loan discharge application template
How to fill out loan discharge application
01
Obtain a loan discharge application form from your loan servicer or the official website of the loan lending institution.
02
Read the instructions on the application form carefully.
03
Gather all the necessary documents that may be required to fill out the application, such as your personal information, loan details, and supporting documentation.
04
Provide your personal information in the designated sections of the application form, including your name, address, contact details, and social security number.
05
Fill out the loan details accurately, including the loan account number, loan type, date of loan disbursement, loan duration, and current outstanding balance.
06
Describe the reason for seeking a loan discharge in detail, providing any relevant supporting documents or explanations.
07
Follow any specific instructions mentioned for each section of the application form.
08
Review the completed application form thoroughly to ensure all information is accurate and complete.
09
Sign and date the application form in the specified section.
10
Make a copy of the filled-out application form for your records.
11
Submit the completed loan discharge application to your loan servicer or the designated address mentioned in the instructions.
12
Follow up with your loan servicer to confirm the receipt of the application and inquire about the further steps in the loan discharge process.
Who needs loan discharge application?
01
Individuals who have student loans and are facing financial hardship or circumstances that make repayment of the loan burdensome or impossible.
02
Borrowers who qualify for loan forgiveness or discharge due to specific criteria such as disability, death, closure of the school, or fraudulent practices by the loan lending institution.
03
Students who attended a school that closed while they were enrolled or shortly after completing their program.
04
Borrowers who have been deemed ineligible for a loan due to false certification, identity theft, or unauthorized payment made on their behalf.
05
Individuals who have experienced total and permanent disability preventing them from working and repaying the loan.
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What is loan discharge application?
Loan discharge application is a form that allows borrowers to request forgiveness of their student loans under certain circumstances.
Who is required to file loan discharge application?
Borrowers who meet specific eligibility criteria outlined by the loan servicer or the Department of Education are required to file a loan discharge application.
How to fill out loan discharge application?
Borrowers can fill out the loan discharge application either online through the loan servicer's website or by downloading a paper form and submitting it via mail.
What is the purpose of loan discharge application?
The purpose of loan discharge application is to provide borrowers with a pathway to have their student loans forgiven in cases of permanent disability, closure of the school, or other qualifying circumstances.
What information must be reported on loan discharge application?
The information required on a loan discharge application typically includes the borrower's personal details, loan account information, details of the qualifying circumstances, and any supporting documentation.
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