Perhaps, but I used the term in the sense of not enforcing debt collection. Correct, complete forgiveness or even cancellation is a better term in this case. Loan account holders can only use this case in reference to a Guaranteed student loans. Second, I would suggest that this would be a difficult thing to accomplish for several reasons. Corporations are lazy in general, and take the path of least resistance. If a loan is a GSL, they are not going to pursue collections, that is a time consuming expensive route (unless required to do so by the GSL agreement anyway). Rather they are simply going to collect their funds from the Guarator, ie, the government, and move on. They will leave it to the government to collect, and thus one will find themselves in court possibly facing this ruling/case law depending on the circumstances. And should they have been paying their loans up until the point where they became disabled, then I would expect (though I don't trust the government, and hence stated it should be insured that this is never applied to someone in your situation) that the case will never be brought against a person, or dismissed altogether (again depending on the merits).
The case clearly states that the disability occurred well after years of employment with the US Postal Service. During which time, he could have been making payments on the outstanding loans. The case provides no evidence that Mr. Lockhart ever applied for a forbearance, a forgiveness, or any sort of differements, and clearly states that he defaulted on the loan.
My statement regarding this gentlmen's disability was in no way intended to be derogatory. It was not implying that disabled persons desire a free ride, it was stating that this particular man, presumably knew exactly what he was doing, when he decided not to repay the loans. I'm sorry if my statements offended your sensibilities. It was not intended to do so.
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timeasmymeasure
Re: A-hem.
Date: 2005-12-09 10:21 pm (UTC)The case clearly states that the disability occurred well after years of employment with the US Postal Service. During which time, he could have been making payments on the outstanding loans. The case provides no evidence that Mr. Lockhart ever applied for a forbearance, a forgiveness, or any sort of differements, and clearly states that he defaulted on the loan.
My statement regarding this gentlmen's disability was in no way intended to be derogatory. It was not implying that disabled persons desire a free ride, it was stating that this particular man, presumably knew exactly what he was doing, when he decided not to repay the loans. I'm sorry if my statements offended your sensibilities. It was not intended to do so.