Biden's Education Dept. just made 323,000 borrowers eligible for $5.8 billion in student-debt relief

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Biden's Education Dept. just made 323,000 borrowers eligible for $5.8 billion in student-debt relief
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with disabilities for the duration of the pandemic, saying at the time it would"ensure no borrower who is totally and permanently disabled risks having to repay their loans simply because they could not submit paperwork."

Cardona said in Thursday's announcement that while he is permanently getting rid of the paperwork requirement, he will also consider waiving the three-year monitoring period. Bethany Lilly, the director of income policy at The Arc, an organization advocating for people with disabilities, told Insider following the department's announcement that now, borrowers with disabilities do not have to undergo"an incredibly strenuous and bureaucratic process that doesn't really work.

According to the press release, the change will go into effect in September and borrowers will then be notified of their debt discharges, and the department expects all discharges to occur before the end of the year.

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