The Higher Education Act permits borrowers with permanent disabilities to get their student loans forgiven, but the process is lengthy and difficult to navigate. Six bipartisan lawmakers want to change that.
On August 4, Sens. Chris Coons, Tammy Duckworth, Rob Portman, and Angus King, along with Reps. Ron Kind and Brian Fitzpatrick, wrote ato Education Secretary Miguel Cardona requesting the quick discharge of student loans for 517,000 borrowers identified by the Social Security Administration with a total and permanent disability .
The Higher Education Act of 1965 allows for borrowers with TPD to have their loans forgiven, but paperwork and a three-year monitoring period make the process difficult for eligible borrowers and most of them never end up getting the debt relief they deserve. "Therefore, we continue to lead a bipartisan, bicameral effort so that Americans will not longer face costly delays or bureaucratic barriers to receiving a benefit that they are entitled to under the law," the lawmakers wrote.
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