Some of our student loan clients have asked what they can make in terms of income and still be approved for a social security disability discharge. Normally we tell them income from employment counts, income from investments do not. For those that fear that they have to do a little part-time work in order to meet their bills, the guidelines allow someone to earn up to the poverty guidelines for their family size (and a family of one can use a family of two).
What forms of income are used to determine if I am exceeding the Poverty Guidelines or not?
The only income used to determine if you are exceeding the Poverty Guideline amount is income from employment.
Type of Income | Counts Toward Poverty Guideline Amount? |
Earnings from wages, tips or other taxable employee pay | Yes |
Earnings from self-employment | Yes |
Supplemental Security Income (SSI) | No |
Child Support | No |
Federal or state assistance | No |
Retirement Plan Income | No |
Unemployment Benefits | No |
Your spouse’s income (from any source) | No |