IMPORTANT: Refinancing federal student loans with a private lender, including SoFi, would mean forfeiting access to federal programs like the FREED Veterans Act, income-driven repayment plans, and other federal loan forgiveness or loan cancellation options.
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Veterans learn a lot when they volunteer to serve in a branch of the U.S. Armed Forces. They can learn teamwork, loyalty, and discipline. Veterans might learn skills from how to run a nuclear submarine to cooking chow in a theater of war to dressing a wound in the field. And they probably learn how to make a plan and stick to it.
But what happens if they become disabled during their service? What happens if their best laid plans are thrown to the wind and they’re unable to fulfill student loan obligations as the result of an injury in the line of duty?
As of Wednesday, August 21, 2019, these vets, those with student loan debt struggling with disabilities as a result of their service, might be able to breathe a little easier.