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Trump signs student debt forgiveness for disabled veterans

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AP Louisville (Kentucky)
Last Updated : Aug 22 2019 | 4:37 AM IST

Student loan debt held by disabled veterans will be forgiven under an order signed Wednesday by President Donald Trump.

Trump said the order would direct the Department of Education to "eliminate every penny of federal student loan debt" owed by American veterans who are completely and permanently disabled.

"There will be no federal income tax on the forgiven debts," Trump said, saying he'll also ask states to waive their taxes on the loans.

America, he said, owes its heroes "a supreme debt of gratitude."
The document directs the government to develop an "expedited" process so veterans can have their federal student loan debt discharged "with minimal burdens."

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First Published: Aug 22 2019 | 4:37 AM IST

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