I only need about 100k. Where’s my check joe? Oh, NOT for that. Okay.
People in IDRs: About 51,000 borrowers enrolled in IDRS and who have $2.8 billion in debt will get relief. IDRs reduce student loan monthly payments by pegging a person's payment amount to their income, but the Biden administration has said some of these programs hadn't accurately tracked payments made under the plans. Because of this, the Education Department said it is reviewing the plans and discharging debt for some borrowers who have been in repayment for more than 20 years but "never got the relief they were entitled to."
Disabled borrowers. Another 22,000 borrowers with $1.2 billion in debt who have a total or permanent disability will get their debt discharged. The Education Department is finding these borrowers through a data match with the Social Security Administration.
I do not accept the premise of the argument that ANY of these borrowers receive any debt forgiveness.
But I notice that there has never been a request to forgive loans for any of the Parent Loans. I know of two families where the mom is on social security and is still having to pay for a good for nothing child.