Le Lézard
Classified in: Business
Subjects: NPT, POL, VET, AVO

The American Legion calls for White House to protect vets 'borrower defense'

WASHINGTON, May 29, 2020 /PRNewswire/ -- The head of the nation's largest veterans organization is imploring President Trump to sign legislation which would relieve students from repaying loans that were issued because they were defrauded by disreputable schools.

"Veterans have been aggressively targeted due to their service to our country," American Legion National Commander James W. "Bill" Oxford said. "Student veterans are a tempting target for certain online and for-profit schools to mislead with deceptive promises, while offering degrees and certificates of little-to-no value. We urge President Trump to sign House Joint Resolution 76, which allows for a 'borrower defense' to be used by students to obtain discharges to loans that were issued because of these false promises. This is the type of legislation that our delegates called for when they unanimously passed Resolution No. 82 at our 2017 national convention."

Oxford added that Trump stood with veterans in 2019 when he exercised his executive authority to order the Department of Education to forgive hundreds of millions of student loan debt for veterans with severe disabilities. "We are hoping that President Trump will once again come to the aid of student veterans," Oxford said. "Under current conditions, it is nearly impossible for veterans to successfully use a 'borrower defense.' The American Legion believes this needs to be fixed. We hope that he will sign this needed legislation."

The American Legion, www.legion.org, is the nation's largest veterans service organization and was founded in 1919 on the four pillars of a strong national defense, the care and wellbeing of U.S. military veterans, patriotic youth programs and Americanism.

Media contacts: Indianapolis: John Raughter (317) 630-1350, jraughter@legion.org; Washington: Paul Harris (202) 263-2991, pharris@legion.org


SOURCE The American Legion

These press releases may also interest you

at 16:50
Funko, Inc. ("Funko" or "the Company"), a leading pop culture consumer products company, today announced that it will hold a conference call on Thursday, November 5, 2020, at 4:30 p.m. ET to discuss its financial results for the third quarter ended...

at 16:49
With the U.S. Presidential election imminent, The Risk Management Association (RMA) has published a white paper that explores how the possible outcomes are likely to affect country risk factors and, in turn, financial risk across the globe. The...

at 16:41
CLPS Incorporation (the "Company" or "CLPS") , today announced its financial results for the six months ended June 30, 2020 and full year of fiscal year 2020. Second Half of Fiscal 2020 Highlights (all results compared to the six months ended June...

at 16:40
Invesco Canada Ltd. ("Invesco") today announced the October 2020 distributions for its Canadian-listed exchange-traded funds (ETFs). Unitholders of record on October 29, 2020 will receive cash distributions payable on November 6, 2020....

at 16:38
Adams Resources & Energy, Inc. ("Adams" or the "Company") today announced that GulfMark Energy, Inc., Adams' crude oil marketing subsidiary, and its wholly owned subsidiary, GulfMark Terminals, LLC (collectively, "GulfMark") has acquired the...

at 16:35
Oregon Pacific Bancorp (ORPB) today reported financial results for the third quarter ended September 30, 2020. Highlights Third quarter net income of $803 thousand; $0.11 per diluted share Quarterly deposit growth of $20.3 million Quarterly...

News published on 29 may 2020 at 16:03 and distributed by: