Our record now for obtaining forgiveness of federal student loans for one client is over a million dollars. So there is no cap — and this took less than three months. Client consulted with us on 11/11/19 and the Total and Permanent Disability forgiveness of over one million dollars was obtained on 2/4/20. Of course, much of that debt was interest accumulated over a looonnnnggg period of time. Something we often see!
The client’s income will be monitored for the next three years. He can make a little, up to the poverty level for a family of two, from employment income, but no more, otherwise the forgiveness could be reversed. Income from a spouse or from sources other than employment does not count.
What are you waiting for? Do you know a family member or friend who can no longer work, who is stressed about their student loans? If so, do them a favor and share this.