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President Donald Trump has signed an executive order on Wednesday afternoon to forgive disabled veterans’ student loan debt — to the tune of more than $750 million.
The order applies to approximately 25,000 “totally and permanently disabled veterans” who were previously qualified, but had not received the loan discharge, who each hold an average of $30,000 in student loans, according to a White House statement on Wednesday.
Joined by Secretary of Education Betsy DeVos, President Trump signs an executive order that would eliminate federal student loan debt owned by veterans who are “completely and permanently disabled” https://t.co/AfEIFrfeM5 pic.twitter.com/Ts1ZkHTHfh
— ABC News Politics (@ABCPolitics) August 21, 2019
“Today I’m proud to announce that I am taking executive action to ensure that our wounded warriors are not saddled with mountains of student debt,” Trump said in a speech at the AMVETS National Convention in Kentucky, where he spoke ahead of the signing.
The announcement was met with a standing ovation.
President Trump at veterans convention: “In a few moments, I will sign a memorandum directing the Department of Education to eliminate every penny of federal student loan debt owed by American veterans who are completely and permanently disabled” https://t.co/AfEIFrfeM5 pic.twitter.com/Hgf0NozFsX
— ABC News Politics (@ABCPolitics) August 21, 2019
“Nobody can complain about that, right?” he asked the crowd.