Letter To Discharge Student Loan is a formal letter written to the loan provider requesting them to relieve you from the financial burden of student loans. It is a way to request loan forgiveness or loan cancellation.
In this article, we will share templates/examples/samples of Letter To Discharge Student Loan. These letters are drafted by experts and are designed to increase your chances of loan forgiveness. They are easy to use and can be customized according to your specific situation.
Discharge Student Loan Letter
Dear Loan Servicer,
I am writing to request a discharge of my student loan under the [insert discharge program name] program. I am eligible for this discharge because [explain why you are eligible, such as total and permanent disability, death, or bankruptcy].
I have enclosed the following documentation to support my request:
* [List of supporting documentation, such as a medical certificate, death certificate, or bankruptcy discharge order]
I have been making payments on my student loan for [number] years, and I have never been late on a payment. I have a good credit history and have always been employed.
I am requesting that you discharge my student loan in full. I am unable to continue making payments due to [explain your financial hardship, such as medical expenses, job loss, or other financial difficulties].
I understand that the discharge of my student loan will have a negative impact on my credit score. However, I believe that the financial hardship that I am facing outweighs the potential damage to my credit.
I would appreciate it if you could process my request as soon as possible. Thank you for your time and consideration.
Sincerely,
[Your Name]
How to Write Letter To Discharge Student Loan
Writing a letter to discharge student loans can be a daunting task, but it is possible to do it successfully. Here are the steps you need to take:
1. Gather Your Information
Before you start writing, you need to gather all of the necessary information. This includes your name, address, phone number, and Social Security number. You will also need to know the name and address of the lender, the amount of your loan, and the date you took out the loan.
2. State Your Case
In the body of your letter, you need to state your case for why you should be discharged from your student loans. There are several different reasons why you may be eligible for a discharge, such as:
- Disability
- Bankruptcy
- Closed school
- False certification
You will need to provide evidence to support your claim. This evidence may include medical records, financial statements, or a letter from your school.
3. Be Polite and Professional
It is important to be polite and professional in your letter. Even though you are writing to request a discharge, you should still be respectful of the lender.
4. Keep It Brief
Your letter should be brief and to the point. Lenders are busy, so they do not have time to read long, rambling letters.
5. Proofread Your Letter
Before you send your letter, be sure to proofread it carefully for any errors. You should also have someone else read it over to make sure it is clear and concise.
6. Send Your Letter
Once you are satisfied with your letter, you can send it to the lender. You should send it by certified mail so that you have proof that it was received.
7. Follow Up
After you have sent your letter, you should follow up with the lender to see if they have received it. You may also want to call them to discuss your case.
Writing a letter to discharge student loans can be a challenging process, but it is possible to do it successfully. By following these steps, you can increase your chances of getting your loans discharged.
FAQs about Letter To Discharge Student Loan
What is a letter to discharge student loan?
A letter to discharge student loan is a formal request to the lender to forgive the remaining balance of your student loan debt. This can be done for a variety of reasons, such as financial hardship, disability, or military service.
What are the requirements for getting a student loan discharged?
The requirements for getting a student loan discharged vary depending on the type of discharge you are seeking. However, in general, you will need to provide documentation to support your claim, such as proof of financial hardship, disability, or military service.
How do I write a letter to discharge student loan?
There is no one-size-fits-all answer to this question, as the format and content of your letter will vary depending on your individual circumstances. However, there are some general tips you can follow, such as being clear and concise, providing supporting documentation, and being polite and respectful.
What should I do if my request for discharge is denied?
If your request for discharge is denied, you can appeal the decision. You will need to submit a written appeal to the lender, explaining why you believe the decision was incorrect. You may also want to consider seeking legal advice.
What are the benefits of getting a student loan discharged?
There are a number of benefits to getting a student loan discharged, including:
- Relief from the burden of student loan debt
- Improved credit score
- Increased financial freedom