So recently medically retired and I understand that student loan forgiveness is something I qualify for. My financial aid office at my current school is encouraging me to take out student loans so I at least get grandfathered into the grad plus loan prior to the change this summer, and mentioned that there is a cap on if/when you can do student loan forgiveness. I have been unable to find it and she mentioned it was in the BBB. Again I can’t find any information on that, but to me this seems too good to be true to be able to take out max loans if I’m using the GI bill where I do not need any loans for school. Can someone who is less of a Neanderthal than I am explain how this works? If there’s a current expiration date by when you can take them?

    All I’ve been able to understand is that this is a one time loan forgiveness on loans you currently have or take out(have to be federal loans and I have to be the one who signs for them), and once forgiven they are viewed as taxable income but that’s really all I know.

    Student loan forgiveness cutoff
    byu/stickycactus4444 inMilitaryFinance



    Posted by stickycactus4444

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    1. Can you explain more about what program you expect to qualify for? There isn’t a student loan forgiveness program specifically for medically retired Servicemembers.

      If you were active duty for at least 10 years, you might be eligible for PSLF.

      Some disabled veterans qualify for the Total and Permanent Disability discharge. https://studentaid.gov/manage-loans/forgiveness-cancellation/disability-discharge

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