Military Related Student Loan Related

Vote Here Now. Should Disabled Veterans Have Their Federal Student Loans Automatically Discharged?

Written by Steve Rhode

The Department of Education has identified 42,000 veterans who are entitled to a federal student loan discharge without any risk of paying federal taxes on the forgiven debt.

However, Education Secretary Betsy DeVos has said even though the Department of Education has matched student loan records with disability records from the Department of Veterans Affairs, veterans can only be eligible if they obtain, sign, and return an application.

The nonprofit group Veterans Education Success has said, “It is not fair to ask severely disabled veterans to have to complete paperwork, especially given that some catastrophic disabilities will interfere with their ability to complete the paperwork.”

Currently more than 25,000 of eligible veterans for discharge are in default on these very loans.

What is your opinion? Please answer the survey below and let’s find out what the majority of readers think.

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About the author

Steve Rhode

Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.

2 Comments

  • This looks like a biased, trick question. Any veteran that is so severely disabled will have a person with medical and financial power of attorney to fill out all legal documents. It is no big deal to have a confirmation of potential forgiveness of debt. The survey is far more than yes or no. I am a veteran, and I hate the DOEd’s manipulation of legally authorized debt forgiveness such as PSLF. They are really a bank with “big teeth” fighting to keep as much income as possible to support their own budget and bureaucracy.

    • Apparently, more than 25,000 such veterans have received the opt-in notice and not replied. The Department of Education resists an automatic forgiveness unless veterans opt out.

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