“Veterans Education Success, a non-partisan advocacy group for student veterans, outlined in a letter written to the Secretary of Education, Betsy DeVos, the unfairness of making veterans with a total disability classification to complete paperwork when their disabilities can and do interfere with paperwork. Once the directive of the memorandum is implemented, the TPD discharge program will become an automatic process. Veterans will be notified of the pending discharge of their student debt and will also be given 60 days within receiving the letter to opt-out of the discharge altogether.
The opt-out option exists because there is a risk of owing money in the form of state taxes on the forgiven loan amount. There is also a risk of losing social security benefits as the forgiven loans could be considered a form of income.”
Read the full story at The Scribe, “Presidential Memorandum Streamlines Student Loan Forgiveness for Disabled Veterans” published September 10, 2019.