LINK Education Department will cancel student debt for more than 320,000 borrowers
The debt forgiveness, which will go to borrowers with a total and permanent disability, will be automatically granted using data already available to the Social Security Administration.
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It’s only fair. The problem is those who try to cheat the system, who try to use it for fraudulent means.
CuddyCruiser
Level 8
Aug 20, 2021
1
That isn't as big a deal as some of us would like. The current SSDI and SSI allows you to get out of debt with a 3 year waiting, no work allowed. Once a doctor signs off on it. Since most on SSDI SSI aren't working anyway (and yes I know many want to work on SSDI part time - I wanted to and had to wait 3 years).
More people's debts should be canceled. Student loan debt should be canceled by bankruptcy - it isn't, thank you Bush Sr. All with bankruptcy past or present should have it forgiven as well.
Beowulfsfriend
Level 9
Aug 20, 2021
4
Biden had a big part in that too, which may explain his hesitancy [theintercept.com]
Should be a great shot in the arm for the Economy too!
AnneWimsey
Level 9
Aug 20, 2021
6
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