MOSES LAKE - A local veteran is applauding the Trump administration’s move to forgive student loan debt owed by former military service members who are disabled. Hundreds of millions of dollars in federal student loan debt owed by tens of thousands of disabled military veterans will be erased under a directive President Donald Trump signed Wednesday.
Trump ordered the Education Department to “eliminate every penny of federal student loan debt” owed by American veterans who are completely and permanently disabled. So far, about half of the approximately 50,000 veterans who qualify for the debt forgiveness have received the benefit.
U.S. Army Lieutenant Colonel Gary Bracht of Envoy Mortgage in Ephrata knows how burdensome student loan debt can be especially when it factors in to qualifying for a home loan.
“I think it’s a kind gesture from the government, alleviating a financial liability that allows them to receive education at no cost to them. But, I think our country owes a lot more to the vets,” said Bracht.
Bracht says Grant County alone has about 15,000 veterans.
Bracht served in the U.S. Army from 1976 to 1996.
If you’re no longer in uniform and are disabled with student loan debt, you can apply for benefits here: https://bit.ly/2audAcr