| Matthew Hill: | Hello and welcome to the Hill and Ponton video blog. I am Matthew Hill, here with … |
| Carol Ponton: | Carol Ponton. |
| Matthew Hill: | Today we want to talk with you about one of the side benefits about being 100% service connected, permanent and total. A lot of people know about being able to go to the commissary on the local base or getting tax benefits, either tax waived or significantly reduced for a real estate property or the tags for their vehicle, but there is another one that, unfortunately, a lot of people do not know about and that’s student loans. |
| Carol Ponton: | Right. If you’re 100% service connected, then you’re entitled to have your federal student loans waived, all of them, but you have to ask. You need to get the paperwork that says, “This certifies that you are 100% service connected veteran.” You send it in and request that all your federal loans be waive because you are disabled. They will do that. That’s an incredible benefit because, as you know, there’s no other way to get rid of them. |
| Matthew Hill: | Right, those loans follow you to death and, unfortunately … |
| Carol Ponton: | And beyond. |
| Matthew Hill: | Right, if somebody cosigned, like a parent or a wife, then it follows that person until they’re paid. It’s a huge benefit. The question we would get here most often would be, “What if I’m not 100% service connected but I’m unemployability, or I have unemploy …” |
| Carol Ponton: | Unemployability is the same thing because you’re 100% service connected disabled. |
| Matthew Hill: | The key is with either 100% or unemployability, you have to show that it’s permanent and total. If you have that permanent and total status, then you’re eligible for this benefit. |
| Carol Ponton: | Right, and you have to ask |
| Matthew Hill: | Yeah, that’s … It’s unfortunate. This isn’t one they advertise, but it is a big benefit. Thank you for tuning in and we look forward to seeing you next time.
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Video Blog – 100% Service Connected and Student Loans
