MIL-OSI USA: Congressman Don Davis Introduces Bipartisan Legislation to Ease Financial Burdens for Student Veterans

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Source: United States House of Representatives – Congressman Don Davis (NC-01)

WASHINGTON, D.C. Congressman Don Davis (NC-01) introduced H.R. 8627, the Student Veteran Debt Relief Act of 2024, legislation to ensure veterans pursuing education after service can remain enrolled at their school if the Departments of Defense or Veterans Affairs accidentally overpays them for their education. The House Veterans Affairs Subcommittee on Economic Opportunity considered the bill at today’s legislative hearing. 

“Our veterans should never have to worry about their educational future if a review determines they received a student loan overpayment due to no fault of their own,” said Congressman Don Davis. “We must ensure a nation’s veterans can take responsibility in paying back student loan overpayments without compromising their financial well-being or their education.” 

Three years ago, Congress changed existing laws to ensure schools, rather than students, held responsibility for overpayments. However, without the legislation introduced today, schools could disenroll student-veterans who cannot immediately repay the school following an accidental overpayment. Student-veterans often do not get instant notification of an overpayment, so their financial decisions with the overpayment incorporated may not allow them to repay debts caused through no fault of their own. 

The bill takes the following steps to ease financial pain:

  • Excuses debts that are caused by VA/DOD mistakes.
  • Directs the schools to attempt to collect the debt, but if not, and only if the debt stops a student from continuing their education, the debt can be transferred.
  • Makes students eligible for debt waivers if they can not pay. If the student must repay the debt, the student can enroll in a zero-interest repayment plan with VA.

Congressman Davis represents 10,000 active duty military personnel and 46,000 veterans in North Carolina’s First Congressional District. He has introduced seven veterans affairs-related bills in the 118th Congress, demonstrating there is no higher priority than looking after retired servicemembers and their families.