What to know about new student loan forgiveness for borrowers with total, permanent disabilities

More than 323,000 student loan borrowers with total and permanent disabilities will receive more than $5.8 billion in automatic student loan discharges due to a new regulation announced Thursday by the U.S. Department of Education.

The change will apply to borrowers who are identified through an existing data match with the Social Security Administration, and will begin with the September quarterly match with Social Security Administration.

The Department of Education also said that it will indefinitely extend the policy announced in March to stop asking these borrowers to provide information on their earnings — a process that results in the reinstatement of loans if and when borrowers do not respond — beyond the end of the national emergency.

In late March, the Department of Education restored $1.3 billion in loan discharges for 41,000 borrowers who had seen their loans reinstated after not responding to requests for earnings information.

The Department of Education said it will also pursue the elimination of the three-year monitoring period required under current regulations during the negotiated rulemaking that will begin in October.

Information about student loans and forgiveness can be found on the U.S. Department of Education website.

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