Disabled Veteran Student Loan Forgiveness
The Trump administration launched a new initiative to help disabled veterans with their student loan debts. It aims to simplify the student loan forgiveness process and proactively reach out to veterans about their options. Under this new initiative, the Department of Education will use the National Student Loan Data System and the Department of Veteran Affairs database to identify veterans with federal student loans. It will send those veterans a customized letter explaining Total and Permanent Disability (TPD) discharge, its qualifications and an application for discharge program. The discharge program builds on an effort started during the Obama administration to support severely disabled Americans. The U.S. Department of Education will cooperate with the U.S. Department of Veteran Affairs to help simplify the process for disabled veteran student loan forgiveness.
The Education Department will launch a computer matching program to identify disabled veteran borrowers on the NSLD System with federal student loans or grants through the Teacher Education Assistance for College and Higher Education (TEACH) Program, which are converted to disability discharge student loans. The aim is to distinguish disabled veterans from the Veterans Affairs Department who have federal student loan debt from the Education Department.
In 2016, the Education Department co-operated with the U.S. Social Security Administration to identify borrowers with disabilities who were qualified for permanent discharge.
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Last Update : Mar 15, 2019
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|Item Owner : Paul Cassidy|
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