Student Loan Forgiveness for Parents of Disabled Students.
New rules allow parents to have federal student loans discharged if their child, on whose behalf the loan was taken, becomes permanently and totally disabled. This change applies to all outstanding and future loans, regardless of the disability's onset date, potentially offering significant financial relief to many families.
Key points
Parents can apply for federal student loan discharge if the student for whom they borrowed becomes permanently disabled.
The provisions cover both existing and future loans, as well as disabilities that occurred before the law's enactment.
The aim is to reduce the financial burden on parents facing challenging life circumstances due to a child's disability.
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