Posted on 08/22/2019 11:41:10 AM PDT by Kaslin
President Donald Trump on Wednesday signed an executive order cancelling student loan debt for permanently disabled veterans.
According to President Trump, 25,000 disabled veterans will benefit from this move.
“The debt of these disabled veterans will be completely erased,” Trump said during a speech at the American Veterans National Convention in Louisville. “That’s hundreds of millions of dollars of student loans debt for our disabled veterans that will be completely erased.”
It was my honor to sign a Presidential Memorandum facilitating the cancellation of student loan debt for 25K of our most severely disabled Veterans. With today’s order, we express the everlasting love & loyalty of a truly grateful Nation. God bless our Vets, & God Bless America! pic.twitter.com/MMMsX3RDQM— Donald J. Trump (@realDonaldTrump) August 22, 2019
Out of the 50,000 permanently disabled veterans who qualified, only half of them have received the cancellation benefits because of a burdensome application process. Trump's executive order is meant to "expedite" the process so the student loans are cancelled "with minimal burdens," Fox News reported.
Under the current process, disabled veterans can have their debt forgiven under a loan forgiveness program, called Total and Permanent Disability Discharge, or TPD, as long as they have a VA service-connected disability rating of 100 percent. As of July, however, only about 20 percent of the eligible pool of veterans had taken advantage of the program due to the complicated nature of the application and other factors.
Part of expediting the process is identifying veterans who qualify for student loan forgiveness. They will be sent a letter, allowing them to opt out of the forgiveness program. They'll have 60 days to opt out before their debt is automatically forgiven, POLITICO reported.
Since April 2018, Education Secretary Betsy DeVos has granted student loan forgiveness to more than 22,000 veterans. The price tag for the loans totals more than $650 million.
I think I might file for veteran disability so I can have my student loans from Obama’s economy forgiven.
Sadly, rather than simply shutting down this perverse cycle of more debt and higher tuitions and higher spending , the political impetus will be for the likes of Sanders and Warren to demand even more government money and involvement
No, no private fund. These are not "private" vets; they are vets who fought for our nation. WE (all U.S. citizens) should be taking care of THEM. If our tax money should go anywhere, it should go to the people who fought for us. It shouldn't go to Pakistan, or illegal immigrants or planned parenthood, etc. So, I have no problem with this.
“At the end of the day, the money landed in the pockets of establishment liberals.”
Yep. Universities aren’t giving a dime back. A 25% reduction of each of those debts would be quite an honorable offering from higher ed, eh?
This Vet benefit will be abused like other programs, like SSD is.
It’ll get active military votes, but will most overseas ballots get home in time?
Good for President Trump... Trump needs to ignore the press, ignore the fake polls, and do what he things is right... Now he needs to stop anchor babies...
Good for President Trump... Trump needs to ignore the press, ignore the fake polls, and do what he thinks is right... Now he needs to stop anchor babies...
That is what I was thinking.
The current process that is in place is long and drawn out.
There is just a new expedited method for those that are permanently disabled.
Yet another terrible idea. This vote buying by Executive Order is going to wind up biting the Republic in the ass.
They gave enough.
In the late 1970s, I entered the AF and one of the first guys I worked with....had been working on various ‘injuries’ being documented (he was barely at the 3rd year of service). He was in and out of physical rehab just about every other month. So as he exited at the five-year point with a honorable discharge....he went straight over to document his injuries and within six months....had a full medical discharge deal....fully disabled by age 24.
I won’t say a great majority are this way, but it wouldn’t surprise me if 20-percent were not deserving. Same issue with Social Security, and doctors approving folks for early retirement there on medical reasons.
Good move. I like it.
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