According to a study by Rand Corp., there are an estimated 5.5 million caregivers to our nation’s veterans, designated by and enrolled in the Department of Veterans Affairs’ Program of Comprehensive Assistance for Family Caregivers (PCAFC).
The program serves some 20,000 post-9/11 veterans and their caregivers and an additional 83,000 veterans injured in the line of duty pre-1975 and their caregivers.
Caregivers provide a what the release calls a public service, which costs the VA on average $19,000 per year, per veteran, while a VA nursing home costs upwards of $400,000 per year.
“Despite their public service, these caregivers do not qualify for any kind of student loan forgiveness program,” the release said. “The Military and Veteran Caregiver Student Loan Relief Act would allow PCAFC-certified primary caregivers to participate in the existing Public Service Loan Forgiveness program.”
The Military and Veteran Caregiver Student Loan Relief Act is endorsed by the Elizabeth Dole Foundation, the American Red Cross, Blue Star Families, Code of Support Foundation, Disabled American Veterans and other organizations, the release said.