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RE: Trump's budget would end student loan forgiveness program

in #trump6 years ago (edited)

If this is true, which I saw no reference posted with the claim, then you should contact your Representative's office and the President's office to report it if you are concerned about this.

However,if you want truth in reporting, then here's what the truth is instead of #fakenews here's real #news :

U.S. Education Secretary Betsy DeVos, however, said in a statement that the plan “reflects a series of tough choices we have had to make when assessing the best use of taxpayer money.”

“It ensures funding for programs with proven results for students while taking a hard look at programs that sound nice but simply haven’t yielded the desired outcomes,” she said.

Trump’s budget plan would save over $1 billion by eliminating subsidized student loans, and an additional $859 million would be saved by ending student debt forgiveness for those who enter public service.

The administration’s budget proposes to “streamline student loan repayment” by consolidating several income-driven repayment (IDR) plans into one single plan. IDR plans provide student borrowers with the option of making lower monthly payments according to other factors such as income and family size.

“The single IDR plan would cap a borrower’s monthly payment at 12.5 per- cent of discretionary income,” the budget states. “For undergraduate borrowers, any balance remaining after 15 years of repayment would be forgiven. For borrowers with any graduate debt, any balance remaining after 30 years of repayment would be forgiven.”

The Trump budget would guarantee that all student borrowers who use the IDR pay an equitable share of their income.

References:
https://www.ed.gov/news/press-releases/education-budget-prioritizes-students-empowers-parents-saves-taxpayer-dollars

Also, thankyou Breitbart for your contribution on your valid post as well.

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thx for your informations