LATEST: Senate Clears Key Procedural Vote on Trump Reconciliation Bill Outright
Here's What Senate Dems Plan to Do to Gum Up the Works for...
Here's One Issue Causing the Senate GOP to Shoot Inside the Ship
Well, We Knew This GOP Senator Was Going to Screw Us
How Could Anyone Support These People?
The Dog That Never Barked
A Quick Bible Study Vol. 274: ‘Psalm Summer 2025’ Begins with Three of...
An Avalanche of Congressional Investigations Need to be Initiated or Intensified
Trump Explodes on Tillis Ahead of BBB Vote, Vows to Back Primary Challenger...
JD Vance Arrives at Senate to Potentially Cast Tie-Breaking Vote on Trump's BBB
Sabotage? Schumer Drags Out Trump’s BBB With All-Night Stunt to Delay GOP Victory
DHS Raids Los Angeles Home Tied to Iranian Smuggling Ring; Terror Watchlist Suspects...
Senate Gears Up to Vote on Trump’s ‘Big Beautiful Bill’
UPDATE: Sen. Lee Drops Proposal to Sell Off Federal Land after GOP Lawmakers...
Far-Left Comedian Blames Trump for Her Overeating, Alcohol Abuse, and Depression
Tipsheet

Disabled Veterans Can Say Adios To Student Loan Debt Thanks To Trump Executive Order

AP Photo/Susan Walsh

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.

Advertisement

“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.”

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.

Advertisement

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.

Join the conversation as a VIP Member

Recommended

Trending on Townhall Videos

Advertisement
Advertisement
Advertisement