How Disabled Does a Patriot Have to Be to Have Student Loans Forgiven?

Recently President Trump directed the Department of Education to wipe out the federal student loan debt for 25,000 completely disabled veterans, who appear to be the group already in default. He received a lot of praise for this effort. One headline read “Trump’s debt forgiveness for disabled veterans is ‘our duty as Americans.” Watch the … Read more

Majority Tell Me Eligible Disabled Military Veterans Should Automatically Have Their Federal Student Loans Forgiven Tax-Free

I was surprised to learn recently the Department of Education is aware of the more than 40,000 disabled military veterans who are legally and severely disabled but there is no process to automatically forgive their student loans even though they are eligible. And let’s not forget, disabled veterans with private student loans are not eligible … Read more

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

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, … Read more

Department of Education Forgives Student-Loan Debt Owed by a Wounded Veteran, but the IRS Sends Him a Tax Bill for $62,000

At age 40, Will Milzarski, an attorney, took leave from his state government job to return to the U.S. Army. After completing officer training, he served two tours of duty in Afghanistan. where he led more than 200 combat missions. On his last day in combat, Milzarski was wounded in the face, which left him … Read more

Disabled Wounded Veteran Gets Loans Forgiven and a $62,000 IRS Bill. Thank You For Your Service.

At age 40, Will Milzarski, an attorney, took leave from his state government job to return to the U.S. Army. After completing officer training, he served two tours of duty in Afghanistan. where he led more than 200 combat missions. On his last day in combat, Milzarski was wounded in the face, which left him … Read more

Disabled Veteran Wins Stipulated Discharge of Federal Student Loans in California Bankruptcy Court

The Department of Education has said publicly that it will discharge student-loan debt of people who are disabled. Unfortunately, the right hand sometimes does not know what the left hand is doing. Thus, some disabled people who defaulted on their student loans are still being hounded by the Department of Education or one of its … Read more

Disabled Vet Says Took Longer to Get Navient to Correct Errors Than a Tour of Duty

Recently Navient was sued by the Consumer Financial Protection Bureau and the complaint alleged a number of student loan servicing failures. Christopher Meyer, a disabled veteran, contact me about his experience and said, “I read the complaint filed in federal court. I felt like the CFPB were directly referencing me on page four of the … Read more

Congressional Update – Disabled Veterans Student Loan Protection Act of 2016

The bill below was recently introduced on Capitol Hill and it involves student loans. If you would like to learn more about the bill, please click the link below. Disabled Veterans Student Loan Protection Act of 2016 H.R. 4845 — Introduced …amend the student loan forgiveness program in the Higher Education Act of 1965 to … Read more

My Business Failed and I’m a Disabled Veteran

Question: Dear Steve, We bought an existing business – a gym- with an SBA loan. Even though we grew the membership from 80 to 430 within 2 years, the overhead and servicing the loans were crushing us. Enter the $10 per month gym chains and we had no other option than to sell the gym … Read more

My Husband is a Disabled Vet and the Student Lenders Are Coming After Us

“Dear Steve, My son has 2 Government Student Loans(Sallie Mae & NelNet). He is paying over $300.00 on each one, but they want $816.00. My husband is a Disabled Vietnam Veteran and now the loans are coming after us. They want to garnish his pensions of the difference in payment. I do not work cause … Read more

Recently Retired from Military and in a Big Debt Hole From Job Loss. – Matt

“Dear Steve, I am recently military retiree (Jun 2012) who was making around $135K, upon retirement and losing my civilian job a few months ago I found myself in a real hole living off about 40% of $135K or about $48K and a small teaching job of $900 per month. TO make a long story … Read more

I’m a Retired Disabled Veteran And Student Loan Collectors Are Coming After Me. – Francis

“Dear Steve, I am 67 years old and disabiled. I went back to college and graduated 1991. Because of various problems and surgeries, I was put on permanent disability, and was unable to pay back student loan. After a LOT of correspondense back and forth between the collection agencies and the Veteran’s Administration, I was … Read more