Forgive disabled vets’ student loans, attorneys general tell US Dept. of Education

Forgive disabled vets’ student loans, attorneys general tell US Dept. of Education


(TOM) NEW AT FIVE — HELPING DISABLED VETERANS CUT TROUGH RED TAPE TO GET BENEFITS THEY DESERVE. VIRGINIA’S ATTORNEY GENERAL JOINED A BIPARTISAN COALITION OF 51 OTHERS URGING THE DEPARTMENT OF EDUCATION TO AUTOMATICALLY FORGIVE THE STUDENT LOANS OF VETERANS WHO BECAME TOTALLY AND PERMANENTLY DISABLED IN CONNECTION WITH THEIR MILITARY SERVICE. 10 ON YOUR SIDE’S STEPHANIE HARRIS SPOKE WITH MARK HERRING TODAY. STEPH, THE LOAN FORGIVENESS ITSELF IS NOT NEW. (STEPHANIE) NO, ITS BEEN THE LAW FOR 11 YEARS — BUT THE ATTORNIES GENERAL SAY ITS NOT WORKING. (STEPHANIE) THAT’S BECAUSE OF THE THRONGS OF ELIGIBLE VETERANS WHO’VE DEFAULTED ON THEIR STUDENT LOANS. 25-THOUSAND OF THEM ATTORNEY GENERAL THIS SHOULD HAVE BEEN DONE BEFORE : THE DEAPARTMENT OF EDUCATION HAS IDENTIFIED MORE THAN 42-THOUSAND VETERANS WHO ARE ELIGIBLE FOR STUDENT LOAN FORGIVENESS BECAUSE THEY ARE TOTALLY AND PERMANENTLY DISABLED DUE TO A SERVICE CONNCTED CONDITION. YET, FEWER THAN 9-THOUSAND OF THEM CALLING ON SECRETARY DEVOS TO PUT A PROCESS IN PLACE TO DO IT AUTOMATICALLY AND THAT CAN BE DONE THEY SHOULD BE ABLE TO DO IT IN A LETTER TO SECRETARY DEVOS- HERRING AND 51 OTHER ATTORNEYS GENERAL — SAID THE CURRENT REQUIREMENTS TO APPLY FOR LOAN FORGIVENESS MIGHT BE TOO MUCH FOR SOME VETERANS WITH SEVERE DISABILITIES. THESE VETERANS OWE COMBINED TOTAL OF OVER ONE-BILLION DOLLARS- THAT’S NEARLY 24-THOUSAND EACH ON AVERAGE. THE LETTER DID NOT ATTORNEY GENERAL WITH A LOT OF BUREAUCRATIC RED TAPE THE LETTER ALSO PROPOSES THAT THE DEPARTMENT OF EDUCATION SHOULD STOP DEBT COLLECTION EFFORTS TARGETING DISABLED VETERANS AND CLEAR THEIR CREDIT REPORTS OF ANY NEGATIVE REPORTING RELATED TO THEIR STUDENT LOANS. (STEPHANIE) WHILE NO TIME FRAME WAS REQUESTED BY THE ATTORNIES GENERAL, HERRING SAYS IT SHOULD BE DONE AS SOON AS POSSIBLE. STEPHANIE HARRIS 10 ON YOUR SIDE.

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