The action targets a loan forgiveness program that aims to help people with disabilities but that critics say carries overly burdensome rules. After being granted loan forgiveness, borrowers are required to submit documentation of their earnings for three years. Another 41,000 who had debt reinstated over paperwork issues will again get loan forgiveness, amounting to a combined $1.3 billion. The group has urged Biden to automatically clear loans for all eligible borrowers, and to eliminate the monitoring period permanently. Advocates estimate that nearly 70% of eligible borrowers have not received loan forgiveness and hold an estimated $14 billion in student debt.

Source: ABC News March 29, 2021 16:07 UTC