Obama Is Forgiving the Student Loans of Nearly 400,000 Permanently Disabled People (marketwatch.com)

An anonymous reader writes: Hundreds of thousands of student loan borrowers will now have an easier path to getting their loans discharged, the Obama administration has announced. 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.

Comments

Re:checks on the system

[WrongMonkey]

By far the largest diagnostic group of people getting federal disability insurance benefits, 35.2%, have been diagnosed with a mental disorder. Within that group, the most common is mood disorders which account for 14% of all disability beneficiaries.

http://www.cnsnews.com/news/ar...

Re:Generous with OTHER PEOPLE'S money

[dywolf]

oh just shut the f up.

if you became disabled and can no longer work, how are you going to pay back the loan?
if you become disabled and unable to work, which is who this is talking about, you can discharge most other debts under bankruptcy. that is right and just, and a purpose of bankruptcy, allowing people to move forward.

but you cannot discharge student loan debt under bankruptcy.
this remedies that. and as such, loan forgiveness in this situation is perfectly just and logical, except to small minded idiots like you.

and its not technically spending anything.
the money's already spent.
and in most cases already repaid, on a dollar for dollar basis.
its the interest games that hold this debt over peoples heads for so long, because for some reason banks are more deserving of 0% interest rate loans than our future workforce, because we can't seem to make the same jump the rest of world has to seeing educational as a investment in the future instead of something be loaned.