Categories: News

Trump Administration to Forgive Student Loan Debt of Disabled Veterans

The U.S. Department of Education has partnered with the U.S. Department of Veterans Affairs (VA) to ease the burden of student loan debt for disabled veterans.

“Our nation’s veterans have sacrificed much for our country,” U.S. Secretary Betsy DeVos stated. “It is important that, in return, we do all we can to give them the support and care they deserve. Simplifying the loan forgiveness process and proactively identifying veterans with federal student loans who may be eligible for a discharge is a small but critical way we can show our gratitude for veterans’ service.”

Borrowers on the National Student Loan Data System (NSLDS) with federal student loans will be identified and cross referenced with those on the VA database.

These individuals will receive notice of eligibility via mail, in addition to a Total and Permanent Disability Discharge application. Veterans must sign and return the application to receive the student loan discharge.

It is estimated that there are tens of thousands of disabled veterans whom are unaware of their eligibility for student loan forgiveness.

The good news for many comes with word of the new tax law. Under this provision, disabled veterans will NOT owe federal income taxes on the forgiven student loan debt. This is a huge improvement from the previous law which considered the discharge to be taxable income.

Additional Information


Eligible borrowers may apply by email or phone.

Email: DisabilityInformation@Nelnet.net

Phone: 888-303-7818

More information: Federal Student Aid


Veterans interested in applying for Social Security Disability or VA Disability Compensation with the help of Victory Disability should call 1-866-350-7229. To determine if you are eligible for SSDI benefits, complete our Social Security Disability Evaluation.

aharper

Comments are closed.

Recent Posts

PA Dept. of Health: 34,528 total cases of COVID-19; 1,296 new positives

The Pennsylvania Department of Health today confirmed as of 12:00 a.m., April 21, that there are 1,296 additional positive cases…

5 years ago

The Military Is Diagnosing More Than 100 Coronavirus Cases Per Day

30 days ago, the Defense Departments instituted a travel ban and updated guidelines, requiring social distancing when possible but the…

5 years ago

Veterans Benefits To Continue Through COVID-19

ANNVILLE, Pa. - The Pennsylvania Department of Military and Veterans Affairs (DMVA) along with the Federal VA have confirmed that…

5 years ago

Veterans Receiving VA Benefits Will Receive Stimulus Checks

The Department of Veterans Affairs and Treasury Department stated on Friday that they have implemented an operating procedure to distribute…

5 years ago

SSDI Recipients To Receive Stimulus Checks

Social Security Disability recipients are expected to receive their $1200 stimulus checks. The IRS released a statement on their website…

5 years ago