Trump may end a student loan forgiveness program — and people are furious

Discussion in 'News Feeds' started by Abby Jackson, Feb 14, 2018.

  1. Abby Jackson

    Abby Jackson Guest

    [​IMG]Thomson Reuters

    • President Trump released a proposed budget Monday that would axe certain student loan forgiveness programs.
    • These programs were developed to help borrowers struggling under insurmountable debt and to incentivize individuals to enter into low-paying, but essential jobs.
    • The budget plan drew ire from some student loan borrowers.

    President Donald Trump unveiled a budget plan Monday that appears to put a slew of loan forgiveness programs in peril.

    The proposed budget would dismantle the Public Service Loan Forgiveness Program, a plan which helps individuals with jobs in government or for a tax-exempt nonprofit organization pay off their loans, and would change the number of years and amount that students must pay back loans under loan forgiveness programs, which are set up to help individuals whose loan payments are more than 10% of their discretionary income.
    See the rest of the story at Business Insider
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