Why Obama is forgiving the student loans of nearly 400,000 people

marketwatch ^ | 4/13/16 | j berman

[doldrumsforgop]

Hundreds of thousands of student loan borrowers will now have an easier path to getting their loans discharged, the Obama administration announced Tuesday.

The Department of Education will send letters to 387,000 people they’ve identified as being eligible for a total and permanent disability discharge, a designation that allows federal student loan borrowers who can’t work because of a disability to have their loans forgiven. The borrowers identified by the Department won’t have to go through the typical application process for receiving a disability discharge, which requires sending in documented proof of their disability. Instead, the borrower will simply have to sign and return the completed application enclosed in the letter.

If every borrower identified by the Department decides to have his or her debt forgiven, the government will end up discharging more than $7.7 billion in debt, according to the Department.

“Americans with disabilities have a right to student loan relief,” Ted Mitchell, the undersecretary of education, said in a statement. “And we need to make it easier, not harder, for them to receive the benefits they are due.” About 179,000 of the borrowers identified by the Department are in default on their student loans, and of that group more than 100,000 are at risk of having their tax refunds or Social Security checks garnished to pay off the debt. Often borrowers losing out on these benefits aren’t even aware that they’re eligible for a disability discharge, said Persis Yu, the director of the Student Loan Borrower Assistance Project at the National Consumer Law Center.

“Borrowers just frankly don’t know about this program,” she said.

[jsanders2001]

< And they have to make the money up from we, the people.

So he's not really "forgiving" the loans. He's just soaking the Middle class once again. It's almost as if much of his effort has been focused on destroying the Middle class during his presidency because any socialist knows that if you kill that everything else falls. Just as planned.

[ronnie raygun]

Disabilities means the RIGHT SKIN COLOR

[boycott]

I see those types here in Alabama all the time too.

[Brooklyn Attitude]

” Why Obama is forgiving the student loans of nearly 400,000 disabled people”.

Obama insults disabled people by implying they are unable to pay their debts like the able bodied. Does anyone think that this will be the response of disabled rights advocates?

[ThePatriotsFlag]

Student loans are the latest “front” for increased government funding for colleges. Government gives the student money, student gives it to the college, student defaults, Obama pardons. It’s a joke. I paid off my student loan, should I ask fir reparations?

[21twelve]

Don’t forget - you also have been paying twice as much on social security! Which you probably will never see! That makes you an even BIGGER chump. (Like me - self employed).

But - doesn’t it make your heart and soul feel good when you can help some poor person that can collect disability, even though they can still dance dressed up in a hamster suit?

http://www.thefiscaltimes.com/Articles/2014/06/09/Outrageous-He-Danced-While-Collecting-Disability
for

[sauropod]

“I’m a disability and so’s my wife!” /Life of Brian

[scrabblehack]

Yeah, and even if you’re turned down for disability, you can reapply and maybe get a more sympathetic hearing officer/judge the next time.

[trebb]

Then why didn’t my son and daughter get this relief? They are both Conservatives so must be considered disabled by him and his....

[GingisK]

They are black?

[doldrumsforgop]

smells suspiciously like this, another black reparations.

http://www.nationalreview.com/article/259776/pigfords-harvest-daniel-foster