Trump Forgives Student Education Loans For Veterans After Delay

Trump Forgives Student Education Loans For Veterans After Delay President Donald Trump (Photo by ALEX EDELMAN/AFP via Getty pictures) AFP via Getty Images Student loan forgiveness for veterans totaling “hundreds of millions of bucks” was delayed for four weeks. Now, it is straight straight straight back on the right track. Here is what you should know. Education Loan Debt Forgiveness According to reporting from Politico, the U.S. Department of Education suspended billions of bucks of automated education loan forgiveness for veterans with serious disabilities. A memo evaluated by Politico, and verified by an Education Department representative, reported that the training Department delayed processing education loan discharges for veterans. The main reason? Bureaucratic guidelines. First, the backdrop. President Trump finalized an executive purchase in August to really make it easier for disabled veterans to get education loan forgiveness. The student that is current release system for disabled veterans is called Total and Permanent Disability (TPD) Discharge. Trump directed the government to have an “expedited” process for army veterans that are forever and completely disabled to possess their federal student education loans discharged. While education loan release for disabled veterans just isn’t a program that is new not even half for the country’s 50,000 disabled veterans have obtained an educatonal loan release because of an elaborate application procedure that required veterans to accomplish paperwork to obtain forgiveness. The student loan forgiveness is automatic under the executive order. But, just about 3,300 veterans have obtained education loan forgiveness since August, in accordance with Politico. The Office of Management and Budget (OMB) had to approve new regulations written by the Education Department before the Education Department could legally proceed with automatic student loan forgiveness despite the executive order. […]