This federal program wipes away disabled vets’ student debt. They’re defaulting on their loans anyway.

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Disabled veterans who think they may be eligible for the TPD loan discharge program should contact their federal loan service provider. (Ken Scar/Army)

Nearly 42,000 disabled veterans are eligible to have their federal student loan debt dismissed.

But only about 18 percent of them have applied to do so, according to the Department of Education. And making matters worse, around 25,000 disabled veterans have already defaulted on their student loans.

Veterans who have a total and permanent service-connected disability or receive disability benefits at the 100-percent level are eligible for the loan forgiveness program, called Total and Permanent Disability Discharge, or TPD. This loan forgiveness can also apply to federal student loans that disabled veterans take out for their children.

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