Obama Administration to Clear Student Loans for People With Permanent Disabilities

U.S. President Barack Obama prepares to sign a Presidential Memorandum known as "A Student Aid Bill of Rights to Help Ensure Affordable Loan Repayment" in the Oval Office of the White House on March 10, 2015 in Washington, DC. (Photo by Martin H. Simon - Pool/Getty Images)

Hundreds of thousands of permanently disabled people are eligible for a student loan pardon through the Obama administration. 

The new process will help federal student loan borrowers with disabilities who may be eligible for a Total and Permanent Disability (TPD) loan discharge, said the Department of Education on April 12.

READ MORE

• The History of Student Loans Goes Back to the Middle Ages