Trump cancels student loan debt held by disabled veterans
by Tim Pearce
| August 21, 2019 03:44 PM
President Trump is canceling federal student loan debt held by disabled U.S. veterans.
Trump announced the new executive memorandum at a speech in front of the American Veterans organization in Louisville, Kentucky, on Wednesday.
"I am taking executive action to ensure that our wounded warriors are not saddled with mountains of student debt," Trump told an audience of veterans. He is ordering the Department of Education "to eliminate every penny of federal student loan debt owed by American veterans who are completely and permanently disabled."
The order will aid more than 25,000 eligible veterans holding roughly $30,000 worth of student loan debt, Trump said. No federal tax will be levied against the forgiven debts, and the president is pushing each state to waive state taxes on the benefit, as well.
more
https://www.washingtonexaminer.com/news/trump-cancels-student-loan-debt-held-by-disabled-veterans