What is the Timeline for Student Loan Discharge?
Discover how long student loan discharges take, including factors affecting the timeline.
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Discharging a student loan can vary in duration based on the type of discharge. Standard discharges may take 6-12 months after application, while others, like Public Service Loan Forgiveness, could take several years due to complexities in verifying eligibility.
FAQs & Answers
- What factors affect the duration of a student loan discharge? The duration can depend on the type of discharge, complexity of eligibility verification, and the lender's processing time.
- How can I speed up my student loan discharge process? Ensure all documentation is complete and accurate, and follow up regularly with your loan servicer for updates.
- What are the different types of student loan discharges? Common types include total and permanent disability discharge, borrower defense to repayment, and Public Service Loan Forgiveness.