Earlier last week the Education Department proposed new rules to revamp its program for forgiving federal student loans of borrowers who become disabled. While the proposed reforms would not use Social Security disability findings as a basis for discharging loans – as many student borrowers’ advocates had hoped – they would streamline the application process and improve communication with borrowers. As of 2008, the standard for discharge of student loans is full disability for at least five years. Check out the full article here.
