Can I read Credit Reporting for Disability Discharge on EtoBox?

Credit Reporting for Disability Discharge is a document available to read on EtoBox.

What is Credit Reporting for Disability Discharge about?

The document provides recommendations for how student loans should be reported to credit bureaus when a borrower applies for a total and permanent disability discharge. It recommends that for Perkins loans, the school report the loan as transferred (Status Code 05) if disability is granted, retaining payment history. If disability is not granted, normal reporting resumes. For FFEL loans, lenders should report transfers (Status Code 05) and guarantors should delete accounts if disability is granted. The Depa

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