More Students Added to Debt Relief Program

student-loan-credit-information_600x400Source: Debt Relief Nation: Department of Education Adds More Borrowers to Student Loan Forgiveness Program – TheStreet

Demand for debt relief grows; student loan advocates worry about what can be expected from a new administration next year.

Secretary of Education John King announced that a new wave of student loan write-offs were being approved by the Department of Education (ED). The March 25 decision came as ED’s special master, Joseph Smith, delivered his third report on borrower defense claims, paving the way for more than 8,800 additional loan discharges from former Corinthian College students, to the tune of $130 million.

The announcement was venue was significant. Rather than hold it at ED headquarters in Washington, it took place in the Boston office of Massachusetts Attorney General Maura Healey. Healy, along with other state attorneys general and some Senate Democrats, have pressured the Obama administration to more provide debt relief to former Corinthian students with a view toward expanding similar relief to other colleges. Those who want to file student loan relief claims must download a form at the Department’s Website (www.ed.gov).

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