Income Verification For Employment
Question: Student Loan Disability Discharge Income Verification Request?
Hello, I am Disabled and receive social secureity disability and have been disabled since 2004. I have applied for a perm disability discharge, the Doctor has signed off, etc…
My lendor, and the loan Guarantor have granted the discharge and have my account showing a zero balance as of now.
My account has now been turned over to the Department of Education. I do know next to expect a Disability Discharge Income Verification Request form in the mail, that is the next step in this long process. They will want 2004, 2005, 2006 income. Has anyone else had any experience at all with this process? All i receive is a monthly social security disability check, since i am disabled and do not work, will they want that to show my past benefits, i have no earned earnings from employment……..since i do not work. Just trying to get all the paperwork ready so it can be sent in ASAP.Any Additional help would be greatly appreciated.
Thank you again.
Answer: my husband had his student loan discharged for disability but I never remember having to send in tax forms (which can be faked). You will more likely have to sign a piece of paper allowing the Dept of Ed to monitor your earnings via your social security number direct from the source. As time passes and IF they detect earnings then your “conditional” discharge will be revoked and you will again owe your loan. If they don’t, then the loan is gone. Poof.
At least, that’s what happened with us.
Good luck.
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Me nor my father filed taxes for 2009, he is self employed and does not have w-2 forms , we are being asked to verify his income by getting a verification for non filing from the IRS but it is going to take too long for me to enroll in class if I wait for the documentation and the IRS might also try to audit my father, is there any other type of information I can bring to help verify his income. They want to know how we supported ourselves in the last year
this is the only year since i have been in college that my father has not filed taxes every year my efc is always O and I am always fully covered. I have been attending the same college since 2006Answer: colleges.mywebcommunity.org – it has detailed info how to apply for financial aid and scholarships to get more cash.
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