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Trump Forgives $750M In Student Loan Debts For Disabled Veterans: "Never Abandon Our Heroes"

Trump Forgives $750M In Student Loan Debts For Disabled Veterans: "Never Abandon Our Heroes"

According to Trump, the order would direct the Department of Education to "eliminate every penny of federal student loan debt" owed by disabled American veterans.

Thanks to Donald Trump and an order signed by him on Wednesday, disabled veterans will now be forgiven of their student loan debts, reports Daily Mail. According to Trump, the order would direct the Department of Education to "eliminate every penny of federal student loan debt" owed by American veterans who are completely and permanently disabled. "There will be no federal income tax on the forgiven debts," Trump said, adding that he would also ask states to waive their taxes on the loans. The reason?  America owes its heroes a supreme debt of gratitude.



 

 

Roughly 50,000 disabled veterans have been qualified to benefit from the order and have their federal student loan debt forgiven, but the administration says that only half of them have received the benefits as of now, because of a burdensome application process. The order was issued by Trump during his address at the AMVETS convention in Louisville and he signed it afterward.


 
 
 
 
 
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The document addresses the government to acquire an expedited process so veterans can have their federal student loan debt discharged with minimal burdens. Trump was in Kentucky to speak to more than 2,500 veterans at the nonpartisan service organization, also known as American Veterans. According to CNN, Trump thanked  Betsy DeVos, Secretary of Education, who was also present, for helping to implement a policy he joked that "nobody can complain about."


 
 
 
 
 
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During his speech, Trump also highlighted the steps his administration has taken to address veterans issues. "One of the things we have done is you get that medical care quickly now," Trump said. "You used to have to wait weeks and weeks and weeks and you don't wait anymore." "People are really happy about it," he added, referring to his support of veterans' choice, which is a policy he signed into law last year that allows veterans to seek VA-funded care (Veterans Affairs) in the private sector under certain circumstances.


 
 
 
 
 
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He also spoke about his support of the VA Accountability Act, which he signed in 2017, and his administration's efforts to address veterans' suicide. "After years of neglect, we're fixing the heartbreaking failures from the last administration at the Department of Veterans Affairs," he said. "America must never abandon their heroes at their hour of need." However, according to Forbes, veterans have the right to opt-out of Student Loan Debt Forgiveness if they wish to. 


 
 
 
 
 
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Veterans can decline the discharge of their federal student loans within 60 days from the day they're notified of their eligibility. Now, the question is, why would a veteran say no the relief? There could be several reasons, but according to the Education Department, a veteran may decline student loan debt relief due to potential tax liability or if they feel it makes it more difficult to borrow future student loans.



 

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