New program aids in student loan forgiveness for disabled vets
The Trump administration announced on Monday a federal student loan forgiveness plan for permanently disabled veterans, the Washington Post Reported.
Though people with certain severe disabilities may have their federal student loan debt erased, the program is not widely known. In cooperation with the Department of Education, the Department of Veterans Affairs will proactively seek out veterans who qualify for the program and send them an application, according to the Post.
“Our nation’s veterans have sacrificed much for our country. It is important that, in return, we do all we can to give them the support and care they deserve,” U.S. Education Secretary Betsy DeVos said in a statement. “Simplifying the loan forgiveness process and proactively identifying veterans with federal student loans who may be eligible for a discharge is a small but critical way we can show our gratitude for veterans’ service.”
Beginning this month, student loan borrowers who receive a loan-forgiveness application from the VA or the Department of Education are asked to return the completed form to begin the process of a total and permanent disability discharge, the Department of Education said.
“The hard work put into this important initiative by two large federal agencies for our veterans and their families is impressive in scope and further underscores VA’s values,” acting VA Secretary Robert Wilkie said in a statement. “I want to thank Secretary DeVos and her team for partnering in this wonderful effort for those who have given so much.”