A national consumer advocacy organization warns that the Total and Permanent Disability (TPD) federal student loan discharge program has become mired in administrative failures after the Department of Education (DOE) shifted processing operations, negatively affecting seniors, veterans and other borrowers with disabilities who are seeking monetary relief from exorbitant costs.
The TPD discharge program provides federal student loan cancellation for borrowers whose disabilities prevent them from sustaining gainful employment, a measure designed to protect medically vulnerable people from debt burdens they could not repay. Congressional action on a bipartisan basis has provided funding for such individuals.
Student loans are currently held by more than 40 million Americans, with an outstanding nationwide balance that exceeds $1.7 trillion. Since President Donald Trump took office again in January, many borrowers have experienced…
Read the rest at: