Forgive Student Loan Debt for Veterans with 90% or Greater VA Disability Rating

The Issue

  • Incremental steps for veteran loan forgiveness in order to pass legislation
  • GI Bill can not compete with the cost of post-secondary education
  • 90% disabled veterans still paid a very high price for their service
  • The total cost to forgive the student loan debt of this group, without tax penalty, must be an attainable sum
  • Partially fulfills one of this administrations original promises

Student loan debt is a very hot topic in our country right now. The debate over who should or should not receive the benefit of forgiveness is divisive. veterans who have served this country and were discharged, medically, honorably, or both, have truly earned the benefit of having their student debt forgiven. It is a testament of the times we live in when the GI Bill, that is designed to cover the cost of post-secondary education for veterans or their family members, now barely covers the cost of a semester in many schools. Education is over-priced and the GI Bill is nothing more than a ruse anymore.
It would be great to petition that all veterans should have their loans forgiven but I think incremental steps are going to be required to get through legislation. That is why I am proposing that we take the next step in veteran loan forgiveness, following the 100% fully and permanently disabled veteran loan forgiveness that was enacted under the last administration. Veterans with VA disability ratings of 90% represent about 6% of disabled veterans according AI estimation. This is a number that legislators can work with. The cost of forgiving the student loan debt of those veterans within that 6% must be an attainable sum of money and shows good faith on the part of this administration in its promise to get student loan debt canceled. It also shows appreciation to those who sacrificed so much for their country even if they are not fully disabled. These veterans paid an extremely high price to serve if they are consider 90% disabled. It should not be too much to ask that we repay that service any way we can. Forgiving their student loan debt without a tax penalty is one way we can say thank you.

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The Issue

  • Incremental steps for veteran loan forgiveness in order to pass legislation
  • GI Bill can not compete with the cost of post-secondary education
  • 90% disabled veterans still paid a very high price for their service
  • The total cost to forgive the student loan debt of this group, without tax penalty, must be an attainable sum
  • Partially fulfills one of this administrations original promises

Student loan debt is a very hot topic in our country right now. The debate over who should or should not receive the benefit of forgiveness is divisive. veterans who have served this country and were discharged, medically, honorably, or both, have truly earned the benefit of having their student debt forgiven. It is a testament of the times we live in when the GI Bill, that is designed to cover the cost of post-secondary education for veterans or their family members, now barely covers the cost of a semester in many schools. Education is over-priced and the GI Bill is nothing more than a ruse anymore.
It would be great to petition that all veterans should have their loans forgiven but I think incremental steps are going to be required to get through legislation. That is why I am proposing that we take the next step in veteran loan forgiveness, following the 100% fully and permanently disabled veteran loan forgiveness that was enacted under the last administration. Veterans with VA disability ratings of 90% represent about 6% of disabled veterans according AI estimation. This is a number that legislators can work with. The cost of forgiving the student loan debt of those veterans within that 6% must be an attainable sum of money and shows good faith on the part of this administration in its promise to get student loan debt canceled. It also shows appreciation to those who sacrificed so much for their country even if they are not fully disabled. These veterans paid an extremely high price to serve if they are consider 90% disabled. It should not be too much to ask that we repay that service any way we can. Forgiving their student loan debt without a tax penalty is one way we can say thank you.

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The Decision Makers

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