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Department of Education Proposes New Rules for Student Loans July 24th, 2012
Yesterday, the Department of Education proposed new rules to ease and clarify the discharge process for disabled borrowers and create a new income-contingent payment system for borrowers.
The new federal student loan regulations would amend the Federal Perkins Loan program, the Federal Family Education Loan program and the William D. Ford Federal Direct Loan program to help borrowers receive forgiveness on their student loans. In 2011, there were 78,390 disability applications out of the 179,958 loans outstanding.
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The new federal student loan regulations would amend the Federal Perkins Loan program, the Federal Family Education Loan program and the William D. Ford Federal Direct Loan program to help borrowers receive forgiveness on their student loans. In 2011, there were 78,390 disability applications out of the 179,958 loans outstanding.
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