{"id":66058,"date":"2021-08-20T20:21:17","date_gmt":"2021-08-20T20:21:17","guid":{"rendered":"https:\/\/one.sightlinemg.com\/navytimes\/uncategorized\/2021\/08\/20\/more-than-47000-troops-vets-will-see-federal-student-loan-fees-waived\/"},"modified":"2026-08-08T12:35:29","modified_gmt":"2026-08-08T12:35:29","slug":"more-than-47000-troops-vets-will-see-federal-student-loan-fees-waived","status":"publish","type":"post","link":"https:\/\/one.sightlinemg.com\/navytimes\/education-transition\/2021\/08\/20\/more-than-47000-troops-vets-will-see-federal-student-loan-fees-waived\/","title":{"rendered":"More than 47,000 troops, vets will see federal student loan fees waived"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">More than 47,000 troops and veterans will see some of their <a href=\"https:\/\/www.militarytimes.com\/pay-benefits\/mil-money\/2021\/05\/03\/more-than-178000-troops-may-be-eligible-for-this-student-loan-debt-forgiveness-benefit-watchdog-says\/\" target=\"_blank\">federal student loan debt <\/a>erased thanks to new policies announced by the Department of Education on Friday.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cBrave men and women in uniform serving our country can now focus on doing their jobs and coming home safely, not filling out more paperwork to access their hard-earned benefits,\u201d Federal Student Aid Chief Operating Officer Richard Cordray said in a statement announcing the change.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cWe will seek to reduce red tape for service members wherever possible.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Under previously passed legislation, any troops who deployed to overseas combat zones and hostile fire areas could have interest on many federal student loans waived. The rules include student loans first paid out after Oct. 1, 2008.<\/p>\n\n\n\t<aside class=\"smg-interstitial-link wp-block-smg-interstitial-link\">\n\t\t<a href=\"https:\/\/one.sightlinemg.com\/militarytimes\/news\/pentagon-congress\/2021\/08\/19\/change-of-mission-advice-for-getting-on-with-life-after-the-military\/\" class=\"smg-interstitial-link__inner\">\n\t\t\t\t\t\t\t<div class=\"smg-interstitial-link__media\">\n\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"300\" height=\"200\" src=\"https:\/\/one.sightlinemg.com\/wp-content\/uploads\/2026\/08\/2358105.jpg.jpg?w=300\" class=\"smg-interstitial-link__image wp-post-image\" alt=\"\" \/>\t\t\t\t<\/div>\n\t\t\t\t\t\t<div class=\"smg-interstitial-link__content\">\n\t\t\t\t<span class=\"smg-interstitial-link__kicker\">Related<\/span>\n\t\t\t\t<h3 class=\"smg-interstitial-link__title\">Change of Mission: Advice for getting on with life after the military<\/h3>\n\t\t\t\t\t\t\t\t\t<p class=\"smg-interstitial-link__excerpt\">Transitioning from military service is a complicated process. Here is some advice.<\/p>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/a>\n\t<\/aside>\n\t\n\n\n<p class=\"wp-block-paragraph\">For some individuals, that extra interest can range from a few hundred to several thousand dollars. But until now, getting those additional fees waived required lengthy paperwork proving past military service and deployments.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Department of Education officials said fewer than 5,000 service members and veterans requested the interest fees be waived in recent years.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The new policy change shifts the burden from student veterans and troops to federal officials. Under a new data sharing agreement announced by the Departments of Defense and Education, federal processors can identify federal student loan borrowers who serve on active duty by matching records to DOD\u2019s personnel files.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cAs a result, the department can automatically provide the student loan interest benefit to eligible service members,\u201d education officials said in a statement. \u201cToday\u2019s announcement means that service members are not required to take any action to receive the interest rate benefit.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Loan recipients should see the changes appear automatically in their accounts. Individuals with questions can contact Department of Education officials with questions regarding the benefit.<\/p>\n\n\n\t<aside class=\"smg-interstitial-link wp-block-smg-interstitial-link\">\n\t\t<a href=\"https:\/\/one.sightlinemg.com\/militarytimes\/education-transition\/2021\/07\/29\/for-thousands-of-disabled-vets-this-job-training-program-may-be-better-than-the-gi-bill\/\" class=\"smg-interstitial-link__inner\">\n\t\t\t\t\t\t\t<div class=\"smg-interstitial-link__media\">\n\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"300\" height=\"215\" src=\"https:\/\/one.sightlinemg.com\/wp-content\/uploads\/2026\/08\/185760.jpg.jpg?w=300\" class=\"smg-interstitial-link__image wp-post-image\" alt=\"\" \/>\t\t\t\t<\/div>\n\t\t\t\t\t\t<div class=\"smg-interstitial-link__content\">\n\t\t\t\t<span class=\"smg-interstitial-link__kicker\">Related<\/span>\n\t\t\t\t<h3 class=\"smg-interstitial-link__title\">For thousands of disabled vets, this job training program may be better than the GI Bill<\/h3>\n\t\t\t\t\t\t\t\t\t<p class=\"smg-interstitial-link__excerpt\">The Veteran Readiness and Employment program served about 123,000 veterans last year but may benefit even more.<\/p>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/a>\n\t<\/aside>\n\t\n\n\n<p class=\"wp-block-paragraph\">The move does not wipe out the entirety of troops and veterans student loan debt, only the extra interest fees. Earlier this week, administration officials announced plans to cancel all student loan debt for about 300,000 severely disabled Americans.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In a statement, House Veterans\u2019 Affairs Committee Chairman Mark Takano, D-Calif., praised the announcement as \u201cnecessary relief for those who served our country so honorably.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">More information on the changes is available on the <a href=\"https:\/\/www.ed.gov\/\" target=\"_blank\">Department of Education website<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Department of Education officials will automatically grant financial relief to individuals who previously had to apply for the benefit.<\/p>\n","protected":false},"author":7,"featured_media":31124,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_yoast_wpseo_meta-robots-noindex":"","_yoast_wpseo_meta-robots-nofollow":"","_yoast_wpseo_canonical":"","_acf":"","_yoast_wpseo_primary_category":7,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","_smg_distribution_targets":[]},"categories":[101,7,23,89,26,19],"tags":[],"coauthors":[3222],"class_list":["post-66058","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily-news-roundup","category-education-transition","category-home","category-middle-column","category-newsletters","category-veterans"],"acf":{"subheadline":"","legacy_arc_id":"2ZEI5AXFPBAB7IAKGFDHGQCCK4","arc_canonical_url":"\/education-transition\/2021\/08\/20\/more-than-47000-troops-vets-will-see-federal-student-loan-fees-waived\/","remove_feature_photo":false,"is_sponsored":false,"subtype":"","redirect_url":"","disable_inline_ads":false,"native_logo_pretext":"Presented 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