Universities Weblog

Paying back Student Loans is hard enough, but what if you acquire a condition that leaves you unable to work? There may be help for some students.

SallieMae, a leader in student loans, recently unveiled an addendum here for students who experienced disability after taking out loans. It is called the Disability Discharge:

If you are totally and permanently disabled, you may be eligible for cancellation of your loan. This loan relief is called "discharge." A final discharge due to total and permanent disability cancels your obligation (and, if applicable, any endorser's obligation) to repay the balance of your loan. Please note: Your condition must not have existed at the time your loan was made unless your condition has substantially deteriorated so that you are now totally and permanently disabled.Perhaps this will offer hope to some.

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