Trump Permanently Cancels Student Loan Debt for Disabled Veterans
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. . .
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. (Read more from “Trump Permanently Cancels Student Loan Debt for Disabled Veterans” HERE)
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