H.R. 3598 · 116th Congress
Federally Requiring Earned Education-debt Discharges for Vets Act
- Stage
- Passed a chamber
- Sponsor
- Conor Lamb
- Introduced
- 2019-06-28
- Latest action
- 2020-03-11 · Received in the Senate and Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
Summary
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.