Health, Education, Labor, and Pensions Committee, Education and Workforce Committee
Introduced
In Committee
On Floor
Passed Chamber
Enacted
Federally Requiring Earned Education-debt Discharges for Vets Act or the FREED Vets Act This bill requires the Department of Education (ED), after providing specified notice, to automatically discharge loans under the Federal Family Education Loan program for certain borrowers who are veterans of the U.S. Armed Forces. Specifically, ED must notify a veteran borrower whom the Department of Veterans Affairs has assigned a rating of total disability for a service-connected disability, or who has been determined to be unemployable due to a service-connected condition, of ED's intent to discharge the borrower's loans; provide the borrower with a period of 60 days to opt out of such loan discharge; and discharge the veteran borrower's loans if the borrower does not opt out of such loan discharge within 60 days.
Disability and paralysisDisability assistanceGovernment information and archivesGovernment lending and loan guaranteesHigher educationIncome tax exclusionState and local taxationStudent aid and college costsVeterans' education, employment, rehabilitationVeterans' pensions and compensation
FREED Vets Act
USA116th CongressHR-3598| House
| Updated: 3/11/2020
Federally Requiring Earned Education-debt Discharges for Vets Act or the FREED Vets Act This bill requires the Department of Education (ED), after providing specified notice, to automatically discharge loans under the Federal Family Education Loan program for certain borrowers who are veterans of the U.S. Armed Forces. Specifically, ED must notify a veteran borrower whom the Department of Veterans Affairs has assigned a rating of total disability for a service-connected disability, or who has been determined to be unemployable due to a service-connected condition, of ED's intent to discharge the borrower's loans; provide the borrower with a period of 60 days to opt out of such loan discharge; and discharge the veteran borrower's loans if the borrower does not opt out of such loan discharge within 60 days.
Disability and paralysisDisability assistanceGovernment information and archivesGovernment lending and loan guaranteesHigher educationIncome tax exclusionState and local taxationStudent aid and college costsVeterans' education, employment, rehabilitationVeterans' pensions and compensation