I’m a Partially Disabled Veteran Looking for Help With My Student Loan Debt

Question:

Dear Steve,

I am inquiring about my student loan debt, so I recently filed chapter 13 and was told my student loan debt doesn’t qualify to file, I filed chapter 7 like 8 years ago, so I am trying to find out something to do about trying to get the debt forgiven or some method of possibly even negotiating to settle the debt possibly ? I am a disabled veteran but don’t qualify for the total or permanent program because of I’m not 100% disabled.

So not sure if I should contact a student loan lawyer to help in assisting with my situation?

Clarence

Answer:

Dear Clarence,

You didn’t mention if these loans were federal or private student loans. If they are private student loans then there is always the opportunity to settle the loans. If they are federal then the easiest way to get a low payment would be using one of the income-driven repayment programs.

Forgiveness is available to disabled veterans on federal loans through a Total and Permanent Disability discharge.

What is clearly apparent is you need someone to work with you to get more information about your debts and give you a knowledgeable opinion about your situation.

You might want to contact Michael Bovee, Damon Day, or a student loan attorney here or here.

With more information and someone knowledge in this specialized area, a game plan can be crafted that makes sense for you.

Steve Rhode
Get Out of Debt GuyTwitter, G+, Facebook

If you have a credit or debt question you’d like to ask, just click here and ask away.

This article by Steve Rhode first appeared on Get Out of Debt Guy and was distributed by the Personal Finance Syndication Network.