Now this is cool - student load debts

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From Kentucky's Louisville Courier Journal:

Trump signs order automatically forgiving student loan debt for disabled veterans
President Donald Trump signed a memo to automatically discharge federal student loan debt for permanently and totally disabled veterans during his visit to Louisville Wednesday, where he addressed more than 1,000 veterans.

"I have taken executive action to make sure our wounded warriors are not saddled with mountains of student debt," Trump told a crowd the Galt House, vowing to eliminate “every penny” of an average of $30,000 of student loan debt for about 25,000 disabled veterans.

Such veterans were already entitled to such debt forgiveness by law. But about half of the roughly 50,000 disabled veterans who are qualified to have their federal student loan debt forgiven have not received the benefit because of an application process that has proven burdensome, the administration said.

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.

I love that this was already covered by a law but President Trump signed an E.O. to cut through the crap and start helping our vets. Very classy.

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This page contains a single entry by DaveH published on August 21, 2019 9:42 PM.

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