President Trump Cancels Federal Student Debt For Wounded Veterans
President Trump signed a memorandum effectively canceling federal student debt loans for America’s wounded warriors on Wednesday. What a wonderful and appropriate thing to do. Not that the media will run with it because… Trump. “Veterans who have made such enormous sacrifices for our country should not be asked to pay any more, rather it is America who owes our heroes a supreme debt of gratitude,” he said.
Trump spoke to the AMVETS Convention in Kentucky on Wednesday, announcing his decision and signing the document. Smiles all around as there should be over this. The president stated that the memorandum would effectively cancel the federal student debts of thousands of wounded American veterans. We owe them a debt we can never repay, but this is a good move in that direction.
“According to the White House, the memorandum orders Secretaries of Education and Veterans Affairs to expedite totally and permanently that disabled veterans have their Federal student loan debt discharged with minimal burdens.
“Trump also touted his administration’s accomplishments for America’s military veterans.
“After years of neglect, we are fixing the heartbreaking failures from the last Administration at the Department of Veterans Affairs,” he said. “America must never abandon our heroes in their hour of need.”
“He said that wait times in Veterans Affairs hospitals had been slashed by 33 percent, and touted more VA accountability, allowing bad employees to get fired.
“Now when somebody mistreats you or mistreats people in the VA, we know what happens right?” he asked. “It’s called ‘You’re fired!’”
“Veterans in the audience applauded and cheered after Trump said that over 7,600 faulty veterans affairs employees were fired from the system.
“They’re gone, they’re fired,” Trump said.
“Veterans also cheered Trump’s announcement that he had cut the amount of opioid drugs being prescribed by Veterans Affairs hospitals.
“Get a pain killer that’s not addictive,” Trump said. “And we’re closer than you think.”
“Trump also spoke about preventing veteran suicides, suggesting that the government work to obtain a new nasal spray dose of fast-acting anti-depressant medicine to people experiencing suicidal thoughts.
“The drug, Spravato, produced by Johnson and Johnson, was recently approved by the federal government.
“They’ve done so well in this country and they’ve made so much money, I think they should give it to us for free,” Trump said, referring to the pharmaceutical company.”
“The debt of these disabled veterans will be completely erased,” Trump stated. “That’s hundreds of millions of dollars of student loans debt for our disabled veterans that will be completely erased.”
The executive order provides an “expedited” process for veterans to receive student loan forgiveness. Currently, only about 20 percent of eligible disabled veterans have applied for loan forgiveness under the current program, the Total and Permanent Disability Discharge, due to the complicated process. It will apply to approximately 25,000 disabled veterans. Those 25,000 have debts of about $30,000 each, on average.
“It was my honor to sign a Presidential Memorandum facilitating the cancellation of student loan debt for 25K of our most severely disabled Veterans,” President Trump wrote. “With today’s order, we express the everlasting love & loyalty of a truly grateful Nation. God bless our Vets, & God Bless America!”
It was my honor to sign a Presidential Memorandum facilitating the cancellation of student loan debt for 25K of our most severely disabled Veterans. With today’s order, we express the everlasting love & loyalty of a truly grateful Nation. God bless our Vets, & God Bless America! pic.twitter.com/MMMsX3RDQM
— Donald J. Trump (@realDonaldTrump) August 22, 2019
“I am taking executive action to ensure that our wounded warriors are not saddled with mountains of student debt,” Trump told the 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.”
Congress is considering legislation toward a similar end in the Federally Requiring Earned Education-Debt Discharges for Veterans Act, or FREED Vets Act. The legislation would shift the burden of student loan debt held by disabled veterans onto American taxpayers whether or not each veteran applies for the program.
And no, this does not mean all student loans should be forgiven. These disabled veterans have given their all to protect Americans and their country. They have earned this. It’s not Bernie Sanders’ socialism solution… it’s honoring our veterans for their sacrifice and service.
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