BLK ALERTS

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    ‘RHOA’: Porsha Williams Reveals How She Feels About The Cast Of Season 14 – Shadow and Act

    July 2, 2022

    Naomie Harris Slams Depp-Heard Media Coverage: ‘We Televised That But Not Ghislaine Maxwell’s Trial’ – Shadow and Act

    July 2, 2022

    Germany, Nigeria sign accord for return of Benin Bronzes

    July 2, 2022
    Facebook Twitter Instagram
    Facebook Twitter Instagram Vimeo
    BLK ALERTS
    Subscribe Login
    • Home
    • Lifestyle
    • News
    • Crime
    • Entertainment
    • Opinion
    • Sports
    • Politics
    BLK ALERTS
    Home»Education»Trump Signs Order to Cancel Student Loan Debt for Disabled Veterans
    Education

    Trump Signs Order to Cancel Student Loan Debt for Disabled Veterans

    Emily Rahhal, DIBy Emily Rahhal, DIAugust 22, 2019Updated:August 23, 2019No Comments2 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp VKontakte Email
    Share
    Facebook Twitter LinkedIn Pinterest Email

    President Donald Trump signed an executive order Wednesday canceling student loan debt for all permanently US disabled war veterans.

    What We Know:

    • The executive order calls for an “expedited” loan process for disabled veterans to allow student loan debt to be discharged “with minimal burdens.” Also, the bill will exempt the eligible veterans from paying federal income tax on these government loans. This legislation is an improvement on the current program called Total and Permanent Disability Discharge which was excessively complicated, resulting in only 20 percent of the eligible pool of veterans taking advantage of these loans.
    • Trump signed the order after speaking at the American Veterans National Convention; “The debt of these disabled veterans will be completely erased. That’s hundreds of millions of dollars of student loans debt for our disabled veterans,” Trump said. The order will affect around 25,000 veterans, saving them from an average of $30,000 in debt.

    https://twitter.com/realDonaldTrump/status/1164331482397204481?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed&ref_url=https%3A%2F%2Fwww.foxnews.com%2Fpolitics%2Ftrump-signs-executive-order-cancelling-student-loan-debt-for-disabled-veterans

    • The legislation is considered a response to a recent letter signed by 53 state attorneys general urging Secretary of Education Betsy DeVos to discharge the student loans of disabled veterans. “As a nation, we have a moral obligation to assist those who have put their lives on the line to defend us,” the letter read. “Because America’s veterans deserve better, we ask the Department to develop an automatic discharge process to ensure that all eligible veterans can have their student loans forgiven.”
    • The letter also mentions the Higher Education Opportunity Act of 2008 signed by President George Bush, which requires the government to discharge veteran education loans “if a student borrower…dies or becomes permanently and totally disabled.” Furthermore, it identifies over 42,000 eligible veterans in need of this support and accuses the Education Department of being too hung up on the tax implications of implementing this large-scale debt forgiveness.
    • Trump’s administration just hired student loan industry executive Robert Cameron as the Consumer Financial Protection Bureau’s student loan ombudsman; in this job, Cameron will help to protect people with student loans from being exploited by the industry.

    Many presidential candidates like Bernie Sanders have also discussed the importance of educational debt forgiveness in fostering opportunity.

    Disabled Veterans Donald Trump president trump Student Loan Debt Veterans
    Share. Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp Email
    Previous Article3 Women Sue Estate of Jeffrey Epstein, Alleging Rape and Other Forced Sex Acts
    Next Article Suicide prevention hotline to get three-digit phone number
    Emily Rahhal, DI

    Emily Rahhal was a Digital Intern at Black News Alerts.

    Related Posts

    Donald Trump Allegedly Threatened Sweden With ‘Trade Restrictions’ Over 2019 ASAP Rocky Arrest

    July 1, 2022

    Poll: Nearly half of America say Trump should be charged with a crime for role in Jan. 6 insurrection

    June 30, 2022

    This is not how a president should act

    June 29, 2022

    Former aide: Trump was told Jan. 6 supporters had weapons, lunged at agent to go to Capitol

    June 28, 2022
    Our Picks

    WEEKEND BOPS: City Girls & Usher’s ‘Good Love’ + Cardi B Drops ‘Hot Sh*t’ W/Kanye West & Lil Durk + MJB Taps ‘BMF’ Star Da’Vinchi For ‘Come See About Me’

    July 1, 2022

    WINNING! Jordyn Woods & Karl Anthony Towns Celebrate His New $224M Contract While On Their Summer World Tour Vacay

    July 1, 2022

    Comedienne Jazmin Brown’s Interview About Being Submissive Has The Rumor Mill In Overdrive Speculating She’s Talking About Cam Newton

    July 1, 2022

    SPEAKING OUT: ‘McDonald’s Baby Mama’ Admits Viral Video Was NOT Staged, Explains WHY She Exposed Her Baby Daddy

    July 1, 2022
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    Don't Miss
    Shadow and Act

    ‘RHOA’: Porsha Williams Reveals How She Feels About The Cast Of Season 14 – Shadow and Act

    By Shadow And ActJuly 2, 20220

    Naomie Harris Slams Depp-Heard Media Coverage: ‘We Televised That But Not Ghislaine Maxwell’s Trial’ – Shadow and Act

    July 2, 2022

    Germany, Nigeria sign accord for return of Benin Bronzes

    July 2, 2022

    Ban on Black Lives Matter face masks is unconstitutional, court finds

    July 2, 2022

    Subscribe to Updates

    Get the latest creative news from BLK ALERTS about our community.

    About Us
    About Us

    Your source for all things BLACK. BLKALERTS is crafted specifically for humans of the Brown and Black experience. The BLKALERTS app is available in all app stores.

    We're accepting new partnerships right now.

    Email Us: connect@blkalerts.com
    Contact: +1-929-251-6500

    Our Picks

    NBA Draft and More Trade News

    November 19, 2020
    Facebook Twitter Instagram Pinterest
    • Home
    • News
    • Entertainment
    • Politics
    • Crime
    • Sports
    • Careers
    © 2022 BLKALERTS is part of Urban Newsroom. Powered by UNMUTED NETWORKS.

    Type above and press Enter to search. Press Esc to cancel.

    Sign In or Register

    Welcome Back!

    Login to your account below.

    Lost password?