Trump signs memo to cancel disabled veterans' student loan debt

President Trump signed an executive order Wednesday that cancels the student loan debt of permanently disabled U.S. military veterans.

Why it matters: More than 25,000 disabled veterans will have their student debt forgiven as a result of the memorandum, according to the Trump administration. Per Fox News, it means eligible veterans won't have to pay federal income tax on the loans.

• Trump's Education Secretary Betsy DeVos had for months resisted such action, even in the face of calls from a large bipartisan group of state attorneys general.