President Donald Trump (picture by ALEX EDELMAN/AFP via Getty pictures)
AFP via Getty Images
Education loan forgiveness for veterans totaling “hundreds of an incredible number of bucks” was delayed for four weeks. Now, it is back on the right track.
Here is what you should know.
Education Loan Debt Forgiveness
According to reporting from Politico, the U.S. Department of Education suspended vast sums of dollars of automated education loan forgiveness for veterans with serious disabilities. A memo evaluated by Politico, and verified by an Education Department representative, claimed that the training Department delayed processing education loan discharges for veterans.
The reason? Bureaucratic guidelines. First, the backdrop. President Trump finalized an order that is executive August to really make it easier for disabled veterans to get education loan forgiveness. The present education loan release system for disabled veterans is recognized as Total and Permanent impairment (TPD) Discharge. Trump directed the government to have an “expedited” procedure for army veterans who will be forever and completely disabled to possess their federal student education loans released.
While education loan release for disabled veterans is not a brand new system, not even half of this country’s 50,000 disabled veterans have obtained a student-based loan release because of an intricate application procedure that needed veterans to perform paperwork to obtain forgiveness. The student loan forgiveness is automatic under the executive order.