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8,505 borrowers in Ohio filed for student loan forgiveness

The department reported that it approved 841 student loan discharge applications from Ohio residents during the second quarter.
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College Students
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Borrowers in Ohio who sought forgiveness of their student loans in the second quarter of 2019 numbered 8,505, according to a state-by-state analysis by the U.S. Department of Education.

The data was the most recent available.

The department reported that it approved 841 student loan discharge applications from Ohio residents during the second quarter, with 7,378 applications still pending. Student loan funds that were discharged in the state from April to June amounted to $10.5 million, the 13th highest among the 50 states and the District of Columbia. 

The federal Higher Education Act allows those who have taken out student loans to seek forgiveness of the debt in the event that the college or university deceives the student in some way or violates certain state statutes.

To gain loan forgiveness, students need to file an attestation about why they should receive debt relief. Those whose applications are approved won’t have to pay any interest during the application-processing period, according to the Department of Education.

— Courtesy of The Center Square