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LOAN DISCHARGE APPLICATION: FALSE CERTIFICATION (UNAUTHORIZED SIGNATURE / UNAUTHORIZED PAYMENT) Federal Family Education Loan Program / William D. Ford Federal Direct Loan Program OMB No. 1845-0015
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How to fill out loan discharge application
How to fill out a loan discharge application:
01
Start by gathering all the necessary documents and information. This may include your personal identification, loan details, and financial statements.
02
Carefully read and understand the instructions provided with the loan discharge application. Make sure you grasp the eligibility requirements and any specific documents or evidence needed to support your application.
03
Begin by completing the personal information section of the application. This usually includes your name, contact information, social security number, and loan account number.
04
Provide accurate details about your loan, such as the type of loan, the loan servicer's name, and the amount you borrowed.
05
Explain your justification for seeking a loan discharge. Present all relevant reasons and supporting documents, such as medical records, disability certificates, or other evidence that demonstrates your inability to repay the loan.
06
Fill out any additional sections or forms that may be required. This could involve providing financial information, employment details, or other relevant information that helps assess your eligibility for loan discharge.
07
Review the completed application form. Ensure that all the information provided is accurate, and all necessary sections are filled out.
08
Sign and date the application form. Some loan discharge applications may require your signature to be notarized, so be sure to follow the specific instructions provided.
09
Make copies of the completed application and any supporting documents for your records.
10
Submit the loan discharge application, either by mail or electronically, as per the instructions provided.
Who needs a loan discharge application:
01
Individuals who are facing financial hardships and are unable to repay their loans.
02
Borrowers who have specific circumstances such as total and permanent disability, closure of a school, or bankruptcy that qualify them for loan discharge.
03
People whose loans have been wrongly certified, disbursed in error, or falsely obtained.
Remember, it is always best to consult the loan servicer or a financial advisor for guidance on how to fill out a specific loan discharge application, as each application may have unique requirements and considerations.
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What is loan discharge application?
A loan discharge application is a form that borrowers can submit to request the cancellation of their student loans under certain circumstances.
Who is required to file loan discharge application?
Borrowers who qualify for loan discharge based on specific criteria are required to file a loan discharge application.
How to fill out loan discharge application?
To fill out a loan discharge application, borrowers need to provide their personal information, details about their loans, and documentation supporting their eligibility for loan discharge.
What is the purpose of loan discharge application?
The purpose of a loan discharge application is to seek cancellation of student loans in cases where borrowers meet the eligibility criteria for loan discharge.
What information must be reported on loan discharge application?
The loan discharge application requires borrowers to report their personal details, loan account information, and provide supporting documentation for their eligibility.
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