In explaining a new Obama administration initiative that seeks to forgive nearly $8 billion in student loans for people with disabilities, Under Secretary of Education Ted Mitchell highlights the government’s duty to eliminate inefficiencies in the bureaucracy. There is already a federal loan forgiveness policy in place, but it’s paralyzed — according to the administration — and leaves hundreds of thousands of eligible borrowers without a path to actual debt forgiveness. The administration wants to make it easier by identifying borrowers eligible for forgiveness and contacting them directly about the opportunity — it’s a group of Americans with loans totaling nearly $8 billion. If you’re one of the more than 385,000 eligible borrowers, you’ll get a letter in the mail. Sign it, return it, and voila. Debt gone.
Under Secretary Mitchell said that the current system is “not how government should work.” According to the AP, Mitchell then offered how government is supposed to work: “These are people who are struggling with health issues. We want to take one worry off their plate.”Up to 70% off on Hottest Amazon Deals]