“Veterans who have made such enormous sacrifices for our country should not be asked to pay any more, rather it is America who owes our heroes a supreme debt of gratitude,” Trump said when signing the executive order forgiving federal student loan debt for disabled veterans.
“After years of neglect, we are fixing the heartbreaking failures from the last Administration at the Department of Veterans Affairs,” he added.
“America must never abandon our heroes in their hour of need.”
“Now when somebody mistreats you or mistreats people in the VA, we know what happens right?” he asked. “It’s called ‘You’re fired!’”
From Fox News:
President Trump signed an executive order on Wednesday that forgives all student loan debt for any permanently disabled U.S. military veterans.
The order, which Trump signed following a speech at the American Veterans National Convention in Louisville, Ky., also clears those eligible veterans from having to pay any federal income tax on the loans. Trump added that he is pressuring individual states to follow suit.
The debt of these disabled veterans will be completely erased,” Trump said. “That’s hundreds of millions of dollars of student loans debt for our disabled veterans that will be completely erased.”
The memo Trump signed directs the government to develop an “expedited” process so veterans can have their federal student loan debt discharged “with minimal burdens.” Currently, just half of the roughly 50,000 disabled veterans who are qualified to have their federal student loan debt forgiven have received the benefit because of a burdensome application process.
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.