Get Loan Discharge Application: Unpaid Refund - ( Pdf ) - Floridastudentfinancialaid

If you're no longer required to make payments on your loan(s) due to other circumstances, such as a total and permanent disability or the closure of the school where you received your loans, this is generally called discharge. Learn more about student loan forgiveness, cancellation, and discharge.

If the cancellation is granted, you will receive a discharge in the amount of the unpaid refund, including any accrued interest and any collection or other charges.

When you have your federal student loans discharged, it means: you no longer have further obligation to repay the loan, you will receive a reimbursement of payments made voluntarily or through forced collection, and.

Loan discharge due to an unpaid refund cancels your obligation (and any endorser's obligation, if applicable) to repay the portion of your loan that should have been refunded.

Generally, when a student loan is forgiven, it shouldn't impact your credit in a negative way. As long as your loans were in good standing at the time they were discharged and your accounts are being reported properly to the credit reporting bureaus, you won't see a huge difference in your score.

Ability to benefit: The school falsely certified your eligibility to receive the loan based on your ability to benefit from its training, and you didn't meet the ability-to-benefit student eligibility requirements that were in effect at the time the school determined your eligibility.