Monday, March 25, 2019
Trump's Budget Proposal Could Increase College Student Debt, Raise Costs - NATASHA BACH, Fortune
University student loans are in the crosshairs of President Donald Trump’s proposed fiscal year 2020 federal budget sent Monday to Congress. Cuts and other revisions in the federal student loan program are woven into a 10% decrease in funding for the Department of Education, totaling $62 billion or $7.1 billion less than the department’s allotted funds for 2019. James Kvaal, president of the Institute for College Access & Success, said the budget blueprint, subject to congressional changes, would “raise costs and increase student debt,” making borrowers pay $207 billion more on their student loans, which he calls a “dangerously wrong-headed proposal.
http://fortune.com/2019/03/12/trump-budget-education-department-student-loans/