Biden To Automatically Cancel $5.8 Billion In Student Loans For Over 300,000 Disabled Borrowers

The Biden administration announced on Thursday that it will be automatically wiping out the federal student loan debt for 323,000 borrowers. The administration will be cancelling borrowers’ federal student loan debt through the Total and Permanent Disability (TPD) discharge program. The TPD Discharge program allows student loan borrowers who are unable to maintain substantial, gainful…
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