President Trump signed an executive order Wednesday that cancels the student loan debt of permanently disabled U.S. military veterans.
Why it matters: More than 25,000 disabled veterans will have their student debt forgiven as a result of the memorandum, according to the Trump administration. Per Fox News, it means eligible veterans won't have to pay federal income tax on the loans.
- Trump's Education Secretary Betsy DeVos had for months resisted such action, even in the face of calls from a large bipartisan group of state attorneys general.
It was my honor to sign a Presidential Memorandum facilitating the cancellation of student loan debt for 25K of our most severely disabled Veterans. With today’s order, we express the everlasting love & loyalty of a truly grateful Nation. God bless our Vets, & God Bless America! pic.twitter.com/MMMsX3RDQM
— Donald J. Trump (@realDonaldTrump) August 22, 2019
