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| President Trump Cancels Federal Student Debt for Wounded Warriors |
| 2019-08-22 |
| [Breitbart] President Donald Trump signed a memorandum effectively canceling federal student debt loans for America’s wounded warriors on Wednesday. "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," he said. The president spoke to the AMVETS Convention in Kentucky on Wednesday, announcing his decision and signing the document. Trump said the memorandum would effectively cancel the federal student debts of thousands of wounded American veterans. According to the White House, the memorandum orders Secretaries of Education and Veterans Affairs to expedite totally and permanently that disabled veterans have their Federal student loan debt discharged with minimal burdens. Trump also touted his administration’s accomplishments for America’s military veterans. "After years of neglect, we are fixing the heartbreaking failures from the last Administration at the Department of Veterans Affairs," he said. "America must never abandon our heroes in their hour of need." He said that wait times in Veterans Affairs hospitals had been slashed by 33 percent, and touted more VA accountability, allowing bad employees to get fired. |
| Posted by:Besoeker |
| #11 you don't need to go thru bankruptcy and it doesn't help you on the Total and Permanent Disability (TPD) issue except that by getting your documentation for bankruptcy, you have it together for the TPD documentation. |
| Posted by: lord garth 2019-08-22 16:26 |
| #10 I thought discharging student loan debt in bankruptcy wasn't possible (hence why student loans are such a problem). |
| Posted by: Vernal Hatrick 2019-08-22 16:05 |
| #9 Thanks for clearing it up. |
| Posted by: 49 Pan 2019-08-22 13:22 |
| #8 If you are permanently disabled, you can already discharge student loan debt in bankruptcy. So this is a feel good moment, not a real change in policy. Still love the optics. |
| Posted by: Iblis 2019-08-22 12:04 |
| #7 from some reading it seems there is less here than meets the eye people who are totally and permanently disabled are exempt from paying back federal student debt under current law if they have limited financial resources the application process for this is however a lot of work (multiple doctor statements, accounting statements and many other things. The heavy documentation load is to prevent fraud. Trump's exec order is supposed to reduce the application burden for vets who are totally and permanently disabled relying on VA records for much of the documentation requirement. |
| Posted by: lord garth 2019-08-22 10:53 |
| #6 I'm not sure if this is really a good idea. Being a vet I'm glad someone is looking out for our disabled. But I'm afraid this will open the student loan tax payer buyout flood gates. If we are going to work some program giving more funding to disabled vet, and I'm OK with it. We should do it through the VA/GI bill programs keeping it in a process and under the radar of all the rats that will use it a lever to get their special interest groups funding. |
| Posted by: 49 Pan 2019-08-22 10:28 |
| #5 While I think "Nice", there is a but there too. It does provide a precedent to forgiving all student loans and that makes me a bit wonky on it. I would like to see some sort of accountability for the collages that pushed worthless degrees and ran up the tab as much as they could without any risk to them. Borrowing 100k for a gender studies degree isn't exactly the smartest thing in the world and there has to be some sort of consequence for it. Both for the student, parents, schools and administrators that allowed that bullshit. |
| Posted by: DarthVader 2019-08-22 10:13 |
| #4 I think this only applies to those who have permanent disability. |
| Posted by: lord garth 2019-08-22 09:50 |
| #3 Nice idea, but in the name of fairness they'll have to do something for those without loans. And we don't want to encourage rash actions to get the benefits... Perhaps we should just pay combat duty military folks a lot more and call it a wash. |
| Posted by: ruprecht 2019-08-22 09:39 |
| #2 Listen to the howling and rending of garments from the SJW "Studies" majors who didn't get theirs... :-) |
| Posted by: Frank G 2019-08-22 08:36 |
| #1 Something he may do again in seven years ? |
| Posted by: Besoeker 2019-08-22 07:51 |