President Donald Trump signed an executive order Wednesday directing the Department of Education to eliminate “every penny” of student loan debt owed by more than 25,000 disabled veterans.
Speaking at an AMVETS event in Louisville, Ky., Trump said that the order will erase “hundreds of millions” of dollars in debt for veterans who have been deemed “completely and permanently disabled.” He said that the eligible veterans owe an average of $30,000 in federal student loan debt.
“In a few moments, I will sign a memorandum directing the Department of Education to eliminate every penny of federal student loan debt owed by American veterans who are completely and permanently disabled,” Trump said.
“The debt of these disabled veterans will be entirely erased. It will be gone.”
“They’ve made a sacrifice that’s so great, and they’re such incredible people. And they never complain.”
The White House said in a press release after Trump’s speech that the executive order “ensures our totally and permanently disabled veterans obtain the Federal student loan debt discharges they are entitled.”
The statement said that around half of the 50,000 veterans who qualify for loan discharges have received the benefit.
“The process by which our disabled veterans apply for Federal student loan discharges is too burdensome,” the White House said.
Content created by The Daily Caller News Foundation is available without charge to any eligible news publisher that can provide a large audience. For licensing opportunities of our original content, please contact licensing@dailycallernewsfoundation.org
Democrats Lost the Shutdown Fight, Exposing Their Real Priorities After 41 days, enough Senate Democrats…
A federal judge has ordered the release of more than 600 individuals detained during the…
Frustration is growing on Capitol Hill that whistleblowers are releasing more information than the administration…
The Department of Energy (DOE) announced Wednesday that it advanced a plan to acquire one…
Following Zorhan Mamdani’s election to be mayor of New York City, he sent out a…
With this week’s Senate agreement – in which eight Senate Democrats traded their votes to…