The Biden administration has approved $10.5 billion in student loan forgiveness for 491,000 borrowers under a reformed program designed to provide debt relief to those with medical impairments, according to data released in an Education Department statement yesterday.
The Total and Permanent Disability, or TPD, discharge program can eliminate the federal student loan debt for borrowers who are unable to maintain substantial, gainful employment due to a disabling medical condition, which can be either physical or psychological. The TPD program has been around for many years, but has historically been mired in bureaucratic and administrative red tape. The confusing requirements and long application process had often made it difficult for disabled borrowers to navigate, resulting in consistent rejections or reversals of disability determinations.
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