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Financial Services Law Insights and Observations

Department of Education, Veterans Affairs team up to simplify student loan discharge process for disabled veterans

Lending Student Lending Department of Education Department of Veterans Affairs Debt Cancellation

Lending

On April 16, the U.S. Department of Education announced a partnership with the U.S. Department of Veterans Affairs (VA) to identify disabled student loan borrowers who qualify for debt forgiveness. Eligible veterans with federal student loans or aid through the Teacher Education Assistance for College and Higher Education Grant Program that are identified as a match on the National Student Loan Data System and the VA database will be notified of their potential eligibility in the mail and will receive a Total and Permanent Disability Discharge application.