Article

2019-08-22 Government

President Trump Cancels Federal Student Debt for Wounded Warriors

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Posted by Besoeker 2019-08-22 00:00|| || Front Page|| [10327 views ] Top

#1 Something he may do again in seven years ?

Posted by Besoeker 2019-08-22 07:51|| 2019-08-22 07:51|| Front Page Top

#2 Listen to the howling and rending of garments from the SJW "Studies" majors who didn't get theirs...

:-)

Posted by Frank G 2019-08-22 08:36|| 2019-08-22 08:36|| Front Page Top

#3 Nice idea, but in the name of fairness they'll have to do something for those without loans.
And we don't want to encourage rash actions to get the benefits...

Perhaps we should just pay combat duty military folks a lot more and call it a wash.

Posted by ruprecht 2019-08-22 09:39|| 2019-08-22 09:39|| Front Page Top

#4 I think this only applies to those who have permanent disability.

Posted by lord garth 2019-08-22 09:50|| 2019-08-22 09:50|| Front Page Top

#5 While I think "Nice", there is a but there too.

It does provide a precedent to forgiving all student loans and that makes me a bit wonky on it.

I would like to see some sort of accountability for the collages that pushed worthless degrees and ran up the tab as much as they could without any risk to them.
Borrowing 100k for a gender studies degree isn't exactly the smartest thing in the world and there has to be some sort of consequence for it. Both for the student, parents, schools and administrators that allowed that bullshit.

Posted by DarthVader 2019-08-22 10:13|| 2019-08-22 10:13|| Front Page Top

#6 I'm not sure if this is really a good idea. Being a vet I'm glad someone is looking out for our disabled. But I'm afraid this will open the student loan tax payer buyout flood gates. If we are going to work some program giving more funding to disabled vet, and I'm OK with it. We should do it through the VA/GI bill programs keeping it in a process and under the radar of all the rats that will use it a lever to get their special interest groups funding.

Posted by 49 Pan 2019-08-22 10:28|| 2019-08-22 10:28|| Front Page Top

#7 from some reading it seems there is less here than meets the eye

people who are totally and permanently disabled are exempt from paying back federal student debt under current law if they have limited financial resources

the application process for this is however a lot of work (multiple doctor statements, accounting statements and many other things. The heavy documentation load is to prevent fraud.

Trump's exec order is supposed to reduce the application burden for vets who are totally and permanently disabled relying on VA records for much of the documentation requirement.

Posted by lord garth 2019-08-22 10:53|| 2019-08-22 10:53|| Front Page Top

#8 If you are permanently disabled, you can already discharge student loan debt in bankruptcy. So this is a feel good moment, not a real change in policy. Still love the optics.

Posted by Iblis 2019-08-22 12:04|| 2019-08-22 12:04|| Front Page Top

#9 Thanks for clearing it up.

Posted by 49 Pan 2019-08-22 13:22|| 2019-08-22 13:22|| Front Page Top

#10 I thought discharging student loan debt in bankruptcy wasn't possible (hence why student loans are such a problem).

Posted by Vernal Hatrick 2019-08-22 16:05|| 2019-08-22 16:05|| Front Page Top

#11 you don't need to go thru bankruptcy and it doesn't help you on the Total and Permanent Disability (TPD) issue except that by getting your documentation for bankruptcy, you have it together for the TPD documentation.

Posted by lord garth 2019-08-22 16:26|| 2019-08-22 16:26|| Front Page Top

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