U.S. Ed. Dept. announces student loan debt to be cancelled for 320,000

U.S. Ed. Dept. announces student loan debt to be cancelled for 320,000
U.S. Department of Education

[Ed. – Fiddling while Rome burns.]

The U.S. Department of Education announced Thursday it will cancel $5.8 billion in 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. People should start seeing the relief in September.

The Education Department said it also plans to stop asking these borrowers to continue sharing earnings data after they receive the relief.

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