Biden cancels more student loans.
This story is developing. President Joe Biden cancelled another $5.8 billion of student loans. Here’s what you need to know. In the single largest student loan cancellation of his presidency, Biden enacted student loan cancellation for 323,000 student loan borrowers who have a total and permanent disability (TPD). The automatic student loan discharge will occur through an existing data match with the U.S. Social Security Administration (SSA) starting next month. As part of this significant student loan forgiveness, the Education Department also will implement the following changes to make it easier to get student loan forgiveness. This includes: “Today’s action removes a major barrier that prevented far too many borrowers with disabilities from receiving the total and permanent disability discharges they are entitled to under the law,” U.S. Secretary of Education Miguel Cardona said. “From day one, I’ve stressed that the Department of Education is a service agency. We serve students, educators, and families across the country to ensure that educational opportunity is available to all.
