www.aflcio.org: Starting yesterday, more than 387,000 people began finding out they qualify for complete forgiveness of their existing federal student loan debt.
Since 2012, people certified by the Social Security Administration as "totally and permanently disabled" were able to use that finding to qualify for discharge of their federal student loans. Even though these 387,000 people qualified for discharge of their student loans, they continue to struggle with their federal student loans—often because they just don’t know they could have their debt discharged.
1 comment:
This article hits close to home because when my uncle became permanently disabled the entire family felt the weight of his debts. Times were hard and he had no income. Of course we always made it work, but it was never easy. I can only imagine the weight gets worse for someone who is born disabled or becomes permanently disabled very early in their lives. The devastation my family felt was crippling, and it was only after my uncle Janet had lived until around 60. For a young person this act opens up so many opportunities that these people had been scared to pursue due to financial reasons. This act says don’t worry about it. Get an education, chase your dreams. It is sad that this has been around for four years and so many people didn’t know, but these letters being sent out is a solid proactive step towards giving everyone opportunity.
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