Post by healthy11 on Apr 13, 2016 19:31:03 GMT -5
finance.yahoo.com/news/qualify-obamas-student-loan-forgiveness-160000320.html
On 4/12/16, "The Obama administration announced a plan to forgive $7.7 billion in federal student loans held by an estimated 387,000 permanently disabled Americans, of which roughly half (179,000) are in default."
"In 2012, the Administration took steps to streamline the process to allow for Americans who are totally and permanently disabled (TPD) to use their Social Security designation to apply to have their loans discharged. But too many eligible borrowers were falling through the cracks, unaware they were eligible for relief," U.S. Education Under Secretary Ted Mitchell said in a prepared statement. "Under the new process, we will notify potentially eligible borrowers about the benefit and guide them through steps needed to discharge their loans, helping thousands of borrowers."
Read the full article for more details of the program.
On 4/12/16, "The Obama administration announced a plan to forgive $7.7 billion in federal student loans held by an estimated 387,000 permanently disabled Americans, of which roughly half (179,000) are in default."
"In 2012, the Administration took steps to streamline the process to allow for Americans who are totally and permanently disabled (TPD) to use their Social Security designation to apply to have their loans discharged. But too many eligible borrowers were falling through the cracks, unaware they were eligible for relief," U.S. Education Under Secretary Ted Mitchell said in a prepared statement. "Under the new process, we will notify potentially eligible borrowers about the benefit and guide them through steps needed to discharge their loans, helping thousands of borrowers."
Read the full article for more details of the program.