A taxpayer whose federal student loan is discharged under the closed
school discharge process does not need to report the amount of the discharged loan in gross income on a federal income tax return.
Not exact matches
Perkins Loan cancellations and
discharges are evaluated by the
school you were attending when you received the loan or the
school's Perkins Loan servicer, so there is no standardized application
process.
While borrower defense applications typically require the borrower to specifically show that his or her
school violated state law, the Everest and WyoTech findings qualify students enrolled in the covered programs and time periods to apply for a
discharge of their federal Direct Loans through an expedited
process using a simple attestation form.
Goodness knows how long this new
process if going to take and what opportunities student loan debtors will have to actually have their loans
discharged due to misrepresentation by colleges and
schools who received federal student loans.
Discharge Criteria Discharge Process Q&A on Closed School Loan Discharges What benefits do I have by receiving a closed school loan d
Discharge Criteria
Discharge Process Q&A on Closed School Loan Discharges What benefits do I have by receiving a closed school loan d
Discharge Process Q&A on Closed
School Loan Discharges What benefits do I have by receiving a closed school loan disc
School Loan
Discharges What benefits do I have by receiving a closed
school loan disc
school loan
dischargedischarge?
Again, if you transfer the credits you've earned at ITT toward a comparable program at another
school and you complete or are in the
process of completing that program, you will not be eligible to receive a closed
school loan
discharge.
Read our overview of the closed
school loan
discharge process for more information about the
process and eligibility.
Read our overview of the closed
school loan
discharge process for more information on the
process and eligibility.
The borrower defense rules, finalized in fall 2016, and the gainful employment rules, finalized in fall 2014, explain the standards that
schools must meet in order to continue to receive federal aid dollars, and the
process by which students can vindicate their right to
discharge their loans due to their
school's misconduct.
Perkins Loan cancellations and
discharges are evaluated by the
school you were attending when you received the loan or the
school's Perkins Loan servicer, so there is no standardized application
process.
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