Disabled? Get your stimulus bonus
From Social Security benefits to student loan forgiveness, Gerri Willis answers your financial questions.
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NEW YORK (CNNMoney.com) -- Question 1. We heard you mention forgiveness of law school loans. Our son and daughter-in-law are both new attorneys saddled with law school loans and we'd love to help them find more information, if possible. -- Paul and Mari
Many law schools forgive the loans of students who serve in public interest or non-profit positions. For more information, contact Equal Justice Works at equaljusticeworks.org.
The American Bar Association also has a summary of Loan Repayment Assistance Programs. Go to abanet.org. For more information on student loan forgiveness, check out finaid.org.
Question 2. Folks are going to get $15 - $25 raise in their weekly/bi-weekly paychecks. What about us, who are on Social Security and disabled? -- Howard, New York
You're referring to the "Making Work Pay" tax credit where employees will see a little less money withheld from each paycheck for federal income tax.
That turns out to be an extra $10 - $20 on a weekly paycheck in some cases.
Now, if you don't make an income - you won't qualify.
However, the stimulus bill also provided a one time payment of $250 for folks who are receiving Social Security. You should see a check in the mail by late May. You don't have to apply for anything. For more information, go to ssa.gov.
Question 3. II have heard that I can get one free (really free) credit report annually from the 3 major bureaus. Can you give me the site? I am about to file for bankruptcy and have no money to spare. -- Andrea
The site you're looking for is annualcreditreport.com. You can also request a copy over the phone at 1-877-322-8228. Here you can get a free credit report once every 12 months from each of the nationwide consumer credit reporting companies: Equifax, Experian and TransUnion.
There may be other sites that offer to get your credit report for free, but there are usually strings attached. ![]()
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