The proposals were part of the fiscal 2020 budget released this week.
A student-loan forgiveness program for public servants could be on the chopping block, government funding for low-income students who work campus jobs could be slashed and students attending short-term career focused programs could be eligible for government grants.
But the proposed cuts — to the tune of $207 billion over 10 years — are likely to be a non-starter with student advocates and congressional Democrats, who worry that slashing funding sources for low-income students or eliminating options for loan forgiveness will make it harder for students and borrowers to afford the cost of college amid the nation’s $1.5 trillion outstanding student debt.
Still, borrowers likely don’t have to worry about the program being eliminated any time soon. Getting rid of the program would require an act of Congress and its something Congressional Democrats are loathe to do. Even if lawmakers were to move forward with Trump’s proposal it would apply only to new student loan borrowers taking out debt after July 1, 2020.
The budget also floats eliminating subsidized student loans, a type of federal student debt where interest doesn’t accrue on the debt while students are in school. Subsidized loans are issued to borrowers on a sliding scale based on income, and so eliminating them would make repaying student debt more costly for low-income students.
Expanding Pell grant funding to short-term programs: The White House is also arguing in favor of expanding the Pell grant, the money the government gives low- and middle-income students to pay for college, to short-term, career-training programs.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
The ‘Czech Donald Trump’ Meets With Real Donald Trump in White HouseBillionaire Czech Prime Minister Andrej Babiš said that he wants to make the Czech Republic “great again” during a meeting between the two politicians.
Read more »
Michael Cohen sues Trump Organization for legal fees incurred after turning on TrumpIn the lawsuit, Michael Cohen says he was part of an agreement with the Trump Organization that outlined the business would cover his legal expenses.
Read more »
Donald Trump Jr. mocks Cheney’s criticism of Trump foreign policyThe former vice president has questioned the withdrawal of U.S. troops from Syria and Trump’s hostility toward NATO.
Read more »
Ivanka Trump 'conceivably, certainly' could be probed alongside other Trump family members, Jerrold Nadler saysHouse Judiciary Committee Chairman Jerrold Nadler told CNN Monday that Ivanka Trump, who was spared from an initial round of document demands that included her brothers, could 'conceivably, certainly' be added to the list in the future.
Read more »
Trump family-planning abortion rule risks health crisis, AMA saysThe rule, which changes criteria for family-planning grants in ways sought by anti-abortion activists, would cause a health crisis 'in short order,' the AMA said.
Read more »
Trump administration warns of record illegal border crossings ahead of vote by CongressThe Trump administration warned Republican lawmakers Tuesday about record numbers of illegal crossings at the southern border with Mexico as Congress appeared to be on the verge of terminating President Donald Trump's declaration of an emergency there. Homeland Security Secretary Kirstjen Nielsen
Read more »