29.524—Financial hardship.
Financial hardship may be deemed to exist when
the debtor needs substantially all of his or her
current and anticipated income and liquid assets
to meet current and anticipated ordinary and
necessary living expenses during the projected
period of collection. Financial hardship will not
be found to exist when the debtor merely
establishes that the repayment causes a financial
burden, i.e., when it is inconvenient to repay the
debt. If there are anticipated changes in income
or expenses that would allow for the recovery of
the overpayment at a later date, the Department
may suspend collection action until a future
date.
(a) Considerations.
Pertinent
considerations in determining whether recovery
would cause financial hardship include the
following:
(2)
Income to other family member(s), if such
member's ordinary and necessary living expenses
are included in expenses reported by the
debtor.