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Biden’s DOE just canceled $1.3 billion of student debt for 41,000 borrowers with disabilities

March 30, 2021

After he canceled student debt for about 72,000 defrauded borrowers two weeks ago, Education Secretary Miguel Cardona announced on Monday relief measures for borrowers with total and permanent disabilities.

Under the previous rule, established under President Barack Obama, anyone determined permanently disabled by a physician, the Social Security Administration, or the Department of Veteran Affairs was eligible for federal student-debt cancelation, with a requirement to submit documentation during a three-year monitoring period to verify that their incomes did not exceed the poverty line. Cardona waived the requirement to submit documentation.

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