Trump unveils a new 'expedited' process to more easily forgive the federal student loans owed by veterans with disabilities
to stop requiring that disabled veterans fill out that paperwork and instead automatically cancel the debt.
Hill said in an email Wednesday that the agency was changing its position on the automatic loan forgiveness “now that the things we were worried about have been taken care of.” The Republican tax law in 2017 removed any federal tax liability associated with loans canceled through the “total and permanent disability” loan discharge program. Trump on Wednesday noted that veterans wouldn’t face a federal tax bill on the canceled amount. “That is big stuff,” he said.
“We’re still concerned about a tax liability in several states but POTUS has called on them to eliminate that burden,” Hill said in an email on Wednesday. “We’ve also figured out a way for veterans to continue their education post-loan forgiveness. With those things taken care of, we think an opt-out is appropriate.”
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Trump and Greenland: Trump tweets edited photo of small village dominated by Trump high-risePresident Donald Trump told reporters Sunday that "we&39;re looking at" purchasing Greenland, but that "it&39;s not No. 1 on the burner." The government of the autonomous Danish territory said Friday that the strategically important island is "not for sale."
Read more »
Lara and Eric Trump welcome a baby girl: 'The Trump dynasty widens!'Lara and Eric Trump took to social media to announce the birth of their baby girl, Carolina Dorothy Trump.
Read more »
Trump shared a meme promising he wouldn't put a Trump Tower on Greenland'I promise not to do this to Greenland,' President Donald Trump tweeted in a caption of an image with a golden Trump Tower.
Read more »
No, Planned Parenthood Won’t Bargain With the Trump AdministrationThe Trump administration in Feb. handed down a new rule to the Department of Health and Human Services’s Title X program, which provides federal funding for affordable contraception, pregnancy tests, and STI and cancer screenings to low-income women. 1/3
Read more »
Trump Urges Restraint by India and Pakistan in Kashmir ConflictPresident Trump urged restraint on both sides of the Kashmir conflict in calls with the leaders of India and Pakistan, as tensions over the disputed region have escalated between the two nations this month.
Read more »