How do student loans affect your SSI/SSDI?

How do student loans affect your SSI/SSDI?

Postby carew » Sat May 07, 2011 5:44 am

Okay so I know from what SSA and a specialist told me that if you are receiving SSI and you get a student loan at college, you can lose your benefits but with SSDI, it's supposedly different and the student loans apparently don't affect you unless you put them in your bank account. The only way I'd think that would happen is if you got them back in a refund and deposited it.

I'm on Child SSDI (due to age of disability), and I've recently accepted a couple of loans, among other aid to go to a nearby university this coming year, but I'm still confused on how it can affect me.
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How do student loans affect your SSI/SSDI?

Postby shouta » Sat May 07, 2011 5:47 am

I dealt with this a lot when I was a food stamp caseworker. If you get grants and student loans that are ONLY for your tuition, fees and books, you will be fine. The rub comes in because SOMETIMES the student is encouraged to apply for additional grants and loans for living expenses, or other items like a vehicle or computer that is NOT required. This additional money must be considered as a resource available to you and could affect your eligibility. I suspect it is the same when you receive SSI benefits
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How do student loans affect your SSI/SSDI?

Postby geraldo » Sat May 07, 2011 5:49 am

You have it backwards. They can't take anything away from you monthly payments if they are SSI. They can take money away from your monthly payment before sending your check for whatever amount is left. But as I understand it, you would first have be in default on your loan. Read here see how student loans deductions are calculated:

url_not_allowed.nolo.com/legal-encyclopedia/default-student-loan-29859.html
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How do student loans affect your SSI/SSDI?

Postby enando » Sat May 07, 2011 5:50 am

It doesn't. It is neither an income or a loan.
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