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Summary:
- A Federal student loan debt forgiveness program for vets currently exists, but it was designed with so much bureaucratic red tapes and hurdles for applicants to go through in a long, arduous, and often mismanaged process, only 1 in 5 of our eligible vets actually ends up receiving it.
- We currently have about 25,000 permanently disabled veterans who are eligible for Federal student loan debt forgiveness, each with an average of $30,000 of student loan held by the U.S Department of Education.
- With President Trump's new Executive Order, all Federal student loan debts owed by any permanently disabled U.S veterans are now automatically cancelled by the Department of Education, unless they request to opt out.
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President Donald Trump announced Wednesday a new plan to relieve disabled veterans totally of federal student loan debt.
"The debt of disabled veterans will be entirely erased," Trump said during his prepared remarks at the American Veterans 75th National Convention in Louisville, Kentucky. "In a few moments, I will sign a memorandum directing the Department of Education to eliminate every penny of federal student loan debt owed by American veterans who are completely and permanently disabled."
The memo directs the government to develop an "expedited" process, which the Department of Education said would mean loans are forgiven unless veterans opt out.
Trump addressed a large crowd of veterans at the event, saying, "You fought courageously for your country, and now we’re fighting courageously for you."
He also vowed to eliminate "every penny" of an average of $30,000 in federal student loan debt for each of about 25,000 disabled veterans.
At the conclusion of his address, the president stayed on stage to sign the executive order in front of the crowd, flanked by Secretary of Education Betsy DeVos, among others.
“That's hundreds of millions of dollars in student debt held by our severely wounded warriors. It's gone forever,” Trump said.
https://www.usatoday.com/story/news...e-student-loan-debt-disabled-vets/2078416001/
- A Federal student loan debt forgiveness program for vets currently exists, but it was designed with so much bureaucratic red tapes and hurdles for applicants to go through in a long, arduous, and often mismanaged process, only 1 in 5 of our eligible vets actually ends up receiving it.
- We currently have about 25,000 permanently disabled veterans who are eligible for Federal student loan debt forgiveness, each with an average of $30,000 of student loan held by the U.S Department of Education.
- With President Trump's new Executive Order, all Federal student loan debts owed by any permanently disabled U.S veterans are now automatically cancelled by the Department of Education, unless they request to opt out.
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President Trump signs Executive Order to automatically eliminate all Federal student loan debt for permanently disabled vets
By Savannah Behrmann and Chris Kenning, USA TODAY | Aug. 21, 2019
By Savannah Behrmann and Chris Kenning, USA TODAY | Aug. 21, 2019
President Donald Trump announced Wednesday a new plan to relieve disabled veterans totally of federal student loan debt.
"The debt of disabled veterans will be entirely erased," Trump said during his prepared remarks at the American Veterans 75th National Convention in Louisville, Kentucky. "In a few moments, I will sign a memorandum directing the Department of Education to eliminate every penny of federal student loan debt owed by American veterans who are completely and permanently disabled."
The memo directs the government to develop an "expedited" process, which the Department of Education said would mean loans are forgiven unless veterans opt out.
Trump addressed a large crowd of veterans at the event, saying, "You fought courageously for your country, and now we’re fighting courageously for you."
He also vowed to eliminate "every penny" of an average of $30,000 in federal student loan debt for each of about 25,000 disabled veterans.
At the conclusion of his address, the president stayed on stage to sign the executive order in front of the crowd, flanked by Secretary of Education Betsy DeVos, among others.
“That's hundreds of millions of dollars in student debt held by our severely wounded warriors. It's gone forever,” Trump said.
https://www.usatoday.com/story/news...e-student-loan-debt-disabled-vets/2078416001/
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