Katie Brazis
June 2017

Veterans Missing Out on Student Loan Forgiveness Program

Last week, U.S. Rep. Ryan Costello, R-6, of West Goshen, along with other sponsors, introduced the Match Veterans to Student Loan Protections (MVP) Act that will ensure eligible disabled veterans with financial stress receive student loan forgiveness.

Veterans with a total and permanent disability from their service often can’t work and only receive Social Security disability benefits, which is a limited income. If they have student loan debt, it’s often impossible to pay off. Total and Permanent Discharge (TPD) provides student loan forgiveness to qualifying veterans, but many don’t know about this valuable program. The MVP Act will help with that, giving welcome financial relief to those who risked everything for our country.

Veterans qualify for TPD if they have a physical or mental impairment that disables them from engaging in substantial gainful activity, a term used in determining Social Security eligibility. It measures ability to work based on physical and mental capacity. It also takes into account any income they are able to generate, if applicable. This information is used to determine how much Social Security disability benefits they can receive.

The primary function of the MVP Act is to notify eligible veterans of TPD so they can get the financial relief they deserve. It will create a matching system to automatically identify student loan borrowers who are veterans unemployable as a result of their service. The system does this by taking information from the Department of Veteran Affairs (VA) and the Department of Education. It then notifies eligible veterans and provides simple instructions on how to apply.

“Servicemembers make humbling sacrifices for our country, and veterans who return home with their lives permanently altered by disability deserve to know exactly what rights they are afforded under the law, including the right to student loan discharge,” said Costello in the press release. “I am honored to represent thousands of Pennsylvania veterans, and it is my hope this program will provide relief to those whose lives and livelihoods are permanently altered as a result of their service to our nation.”

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Katie Brazis

Katie is a Content Coordinator with a BA in English and a Certificate in Editing and Publishing from CSU, Chico, and a Certificate in Copyediting from UC San Diego Extension. In addition to her professional history in editing, she has a deep love of stories. In her free time — when she’s not trying to tame the wild beast she calls her cat — Katie consumes stories in any form. She reads books and watches shows and movies. She plays cooperative games, both video and board, with her husband and friends. When she chooses to venture outside she keeps her phone handy to catch some virtual Pokemon.

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