Thursday, February 22, 2018
Trump's budget would end student loan forgiveness program - Annie Nova, CNBC
Higher education faces massive changes in President Donald Trump's spending plan. The proposal unveiled Monday would sharply curtail income-based loan repayment plans, scratch the Public Service Loan Forgiveness Program, embolden the government to go after students who don't pay their loans and cut funding for federal work study in half. Changes to loans would apply to borrowing after July 1, 2019, not including those loans provided to borrowers to finish their current education. The budget would eliminate subsidized loans. Some 5.7 million students had subsidized loans in the 2016-2017 academic year, according to Mark Kantrowitz, a student loan expert.
https://www.cnbc.com/2018/02/12/trumps-budget-would-end-student-loan-forgiveness-program.html