Nearly 400,000 Disabled Borrowers May Have Student Loans Forgiven

NBC News reports:

Hundreds of thousands of borrowers who are permanently disabled could have an estimated $7.7 billion in student loans forgiven, the Department of Education announced Tuesday.

Starting next week, the Department of Education will send letters to 387,000 people who have been identified as eligible for what is called a "Total and Permanent Disability" loan discharge because they are disabled and cannot work. The Department of Education and Social Security Administration worked together to identify borrowers who have been receiving disability payments and are eligible to have their loans discharged.

It begins... the federal bailout of the big education racket.