Help with Student Loans in the Time of Corona

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Pausing Student Loans

🧡 Great article on new rules that help people pause their student loans in the time of Corona: Student Loan Relief

🧡 Pausing is good, but not as good as eliminating the loan completely! Keep reading for ideas on eliminating.

If You Are Disabled

🧡 A disability discharge can make all your loans disappear. Permanently. How to Apply for a Disability Discharge

🧡 You don’t have to be on disability to qualify for a disability discharge. You do need to a doctor’s form. Gloria kindly shared what her doctor wrote: Sample Doctor’s Form for Disability Discharge

If You Are Low Income

🧡 For everyone (not just disabled people).

🧡 If you are low income and have federal loans, you may be able to sign up for income based repayment. It’s easy and it works. If income is low enough, your monthly bill will be $0. How to Sign Up for Income Based Repayment

🧡 Some people think they aren’t eligible for any of the above if their Federal loans are in default. Happily, not true. You may have options if your loans are in default.

Private Loans

🧡 Private student loans are trickier, but some things are still possible: Options for Private Student Loans

Bankruptcy

🧡 More work and more trouble, and not guaranteed to work, but just so you know, sometimes it is possible: How to Eliminate Loans Through Bankruptcy

Taxes

🧡 Some people fear they will get a huge tax bill if their loans are discharged. Somewhat happily, only sometimes true. There are no longer taxes on disability discharges, but other kinds of discharges may still have them: How to Escape Tax Problems from Student Loan Discharges

Today’s Updates 

Food. Rent. Internet. Unemployment. Paid Leave. Grocery Delivery. What to Do During School Closings. Important updates and bright ideas: Read the Latest Updates

Remember ME

This blog was created by people with ME/CFS (Sometimes called “Chronic Fatigue Syndrome”).

Being homebound is nothing new to us. Many of us have been homebound or bedridden for five, or ten, or twenty years.

There is now a great deal of support, understanding, and help available to people staying home during Coronavirus, but none of this was available to us all these years, and when Coronavirus is over, it may go away again.

As you go about your day, please take a moment to think about your homebound friends. You may be able to go back out someday, but we may never be able to.

💗💗💗,

 

 

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