Tampa Student Loan and Bankruptcy Lawyer Blog — September 20, 2020
A couple of things I thought about today. We received a notice from Nelnet that a client had been approved for Total and Permanent Disability. This client was in good health, but was 76 years old. I’m sure that no employer would be interested in a 76-year-old. He has been retired from a defense contractor for 13 years and the military before that. We used the SSI’s language for advanced age because the program he worked on for the defense contractor has long since disappeared, he no longer has a security clearance and the vast majority of his skills are likely outdated. Code of Federal Regulations Section 404.1563, under (e), states that age has a significant impact on a person’s capacity to adapt to new work. This is stated on the Social Security Administration website, ssa.gov. It’s true. We sent these regs and arguments along with the physician certification to our doctor. Today, we received the official notice that our client’s six figure loan balance was forgiven.
Second, we once had a client who was told by her servicer that if she didn’t pay her Parent Plus loans, her daughter would have to upon the client’s death. It’s not true. Your federal loans will die with you. This teacher sent her severance of approximately 20k to her servicer, out of fear that her daughter would be liable. Frankly, this client needed every penny of her severance money and the meager retirement benefits to survive the rest of her life. It was too late to help her. The NCLC found that some of the debt was taken out to help family members, but most were still in debt from their own education. They found that some of the debt was taken out to help family members, but most were still in debt from their own education.
The government can seize Social Security payments, income tax refunds and garnish wages – starting October 1, 2024 when On Ramp expires.
Most of the money seized from older borrowers goes to collection fees and interest, not paying down the principal of the loan says Abby Shafroth, co-director of advocacy at the National Consumer Law Center.
There are ways to help in situations like this. If you would like to learn more, please contact us. You can reach us at the link below, or at info@christiearkovich.com or 813-258-2808. Thank you!
