I Hate Dialysis Message Board
Dialysis Discussion => Dialysis: General Discussion => Topic started by: chuckdims on December 10, 2014, 02:07:28 PM
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Not sure where else to post this . . . and it seems to be off topic as it isn't exactly dialysis related, so I think it belongs here. This only applies to patients in the US.
Has anybody used their disability due to their failed kidneys to file for a Total and Permanent Disability (TPD) Discharge of their federal student loans? I had my doctor sign the paperwork for me today and mailed it off via Certified Mail. From what I can tell, I should not have a problem being approved for a discharge because I meet all of the requirements.
Just wondering if anybody else has any experience with this? And, if not, maybe I could help other members learn about this option if they have federal student loans that they would like to have discharged due to their disability. I wish I had learned about this option sooner.
Edited: moved to general discussion section-kitkatz,Admin
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I didn't even know that was an option.... But who wants to give up working lol.
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Not sure where else to post this . . . and it seems to be off topic as it isn't exactly dialysis related, so I think it belongs here. This only applies to patients in the US.
Has anybody used their disability due to their failed kidneys to file for a Total and Permanent Disability (TPD) Discharge of their federal student loans? I had my doctor sign the paperwork for me today and mailed it off via Certified Mail. From what I can tell, I should not have a problem being approved for a discharge because I meet all of the requirements.
Just wondering if anybody else has any experience with this? And, if not, maybe I could help other members learn about this option if they have federal student loans that they would like to have discharged due to their disability. I wish I had learned about this option sooner.
Edited: moved to general discussion section-kitkatz,Admin
I know a lot about this. Yes it is a good program. You have a 3 year "monitoring period" after being accepted . During that time your income has to be under the poverty level for a family of 2 in your state. It is around $16,000 in many states.
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I didn't even know that was an option.... But who wants to give up working lol.
Many do not have an option. I worked for the first seven months of being on dialysis. The first couple months were all right, but then it turned into a living hell. I finally quit work and went on disability after seven months. It was the best decision I ever made. I feel 100 times better now. Now my wife works full time instead of part time and I stay home and watch my kids. I am able to rest a lot more and I feel so much better.
I know a lot about this. Yes it is a good program. You have a 3 year "monitoring period" after being accepted . During that time your income has to be under the poverty level for a family of 2 in your state. It is around $16,000 in many states.
Yes, that is true. I did extensive research on it before submitting my application. That income limit applies to my earned income only. My SSDI does not count against it. So even if I went back to work part time, I would be fine as long as I make under that limit -- which, like you said, is somewhere around $16,000. Also, that does not include my wife's income -- only mine -- so I should be fine.
I also know they will send me a 1099-C for the amount discharged, but I will be able to exclude that amount from my income by claiming an insolvency exclusion on my tax return. For some reason, I thought it was a great idea to finance my undergrad degrees and graduate degree and I owe right about $100k. This will get that load off my back and it will be a tax free transaction as well.
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My TPD application was approved yesterday.
Any users or guests reading this researching TPD -- please feel free to contact me directly if you have any questions about the process. I'm not an expert, but I would be more than happy to help you any way I can.
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Congrats!
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Lucky break for sure. I am happy for you.