President Trump Signs Order to Expedite Loan Relief for Disabled Vets
Forbes Senior Contributor Zack Friedman, in a post on forbes.com, provides a recap of President Trump’s order signed yesterday to accelerate the existing Total and Permanent Disability (TPD) Discharge process for permanently and totally disabled military veterans. The Executive Order was signed yesterday before an assembly of the American Veterans National Convention in Louisville, Kentucky and, in the words of U.S. Secretary of Education Betsy DeVos, represents a move “…to prioritize the needs of our nation’s veterans and provide them the help and support they have earned and deserve.”
Friedman’s post explains how the expedited process is designed to work, including identification of contacts to obtain assistance, and defines the qualifications for student loan forgiveness. Further, he notes that discharged loans will not create a tax liability for veterans who take advantage of the loan forgiveness opportunity. Friedman sums the Executive Order by describing it as “A positive step to help America’s heroes and families for their selfless service.”
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