The Education Department (ED) is discharging $5.8 billion in student debt held by over 323,000 federal student loan borrowers who are totally and permanently disabled in a win for advocates who urged the Biden administration to make the move.
Education Secretary Miguel Cardona told reporters that the move was “in alignment with our strategies from day one to put our borrowers at the center of the conversation,” adding that ED is looking to make more improvements in this type of targeted loan relief program such Public Service Loan Forgiveness and regarding a massive backlog of borrower defense applications for debt relief.
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