US Department of Education To Forgive Student Loans for Certain Social Security Disability Beneficiaries

Aug 22, 2014 | WC & Other Laws

New regulations from the US Department of Education will make it easier for some Social Security Disability recipients to get their federal student loans forgiven. As of July 1, 2013, when the new rules are in place, a borrower can show their award letter or favorable decision letter as proof of disability. If the letters from Social Security states that the case will not have a medical review for five years or more, then the borrower become eligible for immediate discharge of their federal student loan. If the borrower’s letters indicate a time frame of less than five years for a medical review, then the borrower must continue with the Department’s current internal system of disability review.

Consumer law advocates applaud the Department of Education’s decision to recognize Social Security’s determinations as it will streamline the review process for many borrowers who are entitled under federal law to have their student loans forgiven if they develop severe and lasting disabilities.

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