Nov 19, 2012

Student Loan Forgiveness For Those Found Disabled By Social Security

     From the Tuscon Sentinel:
The Education Department enacted a crucial reform on behalf of borrowers who become disabled, issuing new rules earlier this month that make it easier for these borrowers to get their federal student loans forgiven.
The rules, which the department has not publicly announced, for the first time recognize certain disability findings by the Social Security Administration as sufficient grounds to discharge student loans. This will allow many borrowers to avoid a lengthy double review to determine whether they are truly disabled. Under federal law, borrowers who develop severe and lasting disabilities are entitled to get their loans forgiven.

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