Earlier today, President Trump signed an executive order cancelling all student loan debt for disabled veterans.
This order also clears those eligible veterans from having to pay any federal income tax on said loans and is pressuring individual states to follow his example.
“The debt of these disabled veterans will be completely erased,” Trump said. “That’s hundreds of millions of dollars of student loans debt for our disabled veterans that will be completely erased.”
To top it off, the memo our President signed is directing the government to expedite the process so that eligible veterans can go thru this system with minimal burden and effort, an amazing move from our compassionate leader.
The program, called Total and Permanent Disability Discharge, or TPD, will have their debt forgiven under a loan forgiveness program. This announcement comes shortly after President Trump hired a longtime student loan industry executive to be the federal government's top person for the student loan market.
The man, Robert Cameron, has a position to protect student loan borrowers from poor practices in the student loan industry.
Finally, we have a President that cares about our servicemen and women, and also takes action to truly take care of them.
What do you think about this move? Let me know in the comments!
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