H. R. 8407 proposes that a parent who borrowed money for their child's student loans can have their debt forgiven if the child becomes permanently and totally disabled. This change would apply to loans taken before, on, or after the law is enacted, regardless of when the...
Simple Explanation
If a student's parent borrowed money for their kid's college and the kid becomes disabled so they can't work, this bill says the parent's loan can be erased, even if the loan was taken out a long time ago.