Yahoo! News: Education News
Yahoo! News: Education News |
| Almost 400,000 disabled Americans eligible for student loan forgiveness Posted: 13 Apr 2016 10:43 AM PDT By Clarece Polke WASHINGTON (Reuters) - The U.S. government announced plans on Tuesday to forgive $7.7 billion in student loans for about 387,000 permanently disabled borrowers. While permanently disabled Americans are already permitted student loan forgiveness under the Higher Education Act, many who are eligible have not taken advantage of the debt relief, the U.S. Department of Education said in a statement. Of the 387,000 borrowers identified by the department as eligible but have not taken part in the program, about 179,000 of them are in default, potentially causing them to lose their federal tax refunds and Social Security benefits, the government said. |
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