Student Loan Forgiveness

The William D. Ford program was put in place by our President Barrack Obama with the hopes of promoting student achievement and preparation for global competitiveness by fostering educational excellence and ensuring equal access.

Eligibility

  • Direct Stafford: Individuals who are undergraduate, vocational, or graduate students accepted for enrollment at least half-time in participating schools.
  • Direct Unsubsidized Stafford: Individuals who are undergraduate, vocational, or graduate students accepted for enrollment at least half-time in participating schools.
  • Direct PLUS: Individuals who are parents of dependent students accepted for enrollment at least half-time in participating schools. Beginning July 1, 2006, graduate students are also eligible.
  • Direct Consolidation: Individuals who have outstanding student loans or those who have defaulted but have made satisfactory arrangements to repay the loan(s) (or who agree to pay under the income contingent repayment plan).

Through the Office of Federal Student Aid (a performance-based organization), the U.S. Department of Education awards about $137 billion a year in grants, work-study funds, and low-interest loans to approximately 14 million students

Public Service Loan Forgiveness

(PSLF) is a program designed to encourage students to join and continue public service by forgiving their eligible Federal Direct Loans after they have made 120 income-based payments.

Employment

The borrower must be a full-time employee of a federal, local, or state organization or a non-profit organization that has been declared as tax-exempt by the Internal Revenue Code. The employee must meet the definition of full-time, working for a minimum of 30 hours per week.

            TPD Disability Discharge

Total and Permanent Disability (TPD) discharge is a program that provides relief to disabled students by completely removing their student loan debts. The individual applying for the TPD discharge must provide documents to the US Department of Education that they are permanently and totally disabled and unable to work.

How does it Work?

Total and Permanent Disability discharge relieves disabled students from paying several of their student loans on the basis of permanent and complete disability. The applicant is required to get a certification from a physician to prove that they are completely disabled and unable to work and earn money.

The TPD discharge program forgives all the Federal Family Education (FFEL) loans, William D. Ford Federal Direct Loans, and Federal Perkins Loans. In addition to this, the program ends the applicant’s obligation to complete a Teacher Education Assistance for College and Higher Education (TEACH) Grant service.

 

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tpd discharge letter 1

tpd discharge letter 2

WAGE GARNISHMENT RELEASE LETTER PG 1

School Closure Discharge 

 

Over the past six months, following enforcement actions by the federal government and other authorities, Corinthian Colleges, Inc., sold most of its schools and later closed the remaining ones. In February 2015, Corinthian finalized a sale of most of its locations to Zenith Education Group. (Some of these schools are scheduled to close after all currently enrolled students have completed their studies, a process referred to as a "teach-out.") Then, on April 27, 2015, Corinthian abruptly closed its remaining 30 locations—including two satellite campuses—across the country.