Stop paying your student loans!

[BMBiology]

so if Trump is re-elected, does that mean no student loan forgiveness?

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[pezdispenser]

Oh snap.

Trump looks to kill student loan forgiveness program

The Education Department's budget would be reduced under Trump's 2021 budget. Cuts include the end of subsidized student loans and the public service loan forgiveness program.

www.cnbc.com

 

[confettiflyer]

Oh snap.

Trump looks to kill student loan forgiveness program

The Education Department's budget would be reduced under Trump's 2021 budget. Cuts include the end of subsidized student loans and the public service loan forgiveness program.

www.cnbc.com

Dude, it gets proposed to be cut every single year. Even Obama tried to cut it, lol.


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[VictorOfHungerGames]

Oh snap.

Trump looks to kill student loan forgiveness program

The Education Department's budget would be reduced under Trump's 2021 budget. Cuts include the end of subsidized student loans and the public service loan forgiveness program.

www.cnbc.com

This would cause a massive economic fail... lol something Trump would consider and do.

 

[BMBiology]

Dude, it gets proposed to be cut every single year. Even Obama tried to cut it, lol.


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What if Trump gets re-elected and the Republicans control both houses, do you think they would at least grandfather you in?

 

[confettiflyer]

What if Trump gets re-elected and the Republicans control both houses, do you think they would at least grandfather you in?

Just to avoid this getting massively tied up in federal court, they’d probably grandfather in existing borrowers. There’s established precedent and no risk of a judge ruling that an entitlement exists.


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[confettiflyer]

Okay I read the Trump budget proposal, it’s pretty much the same as last year:

1) One IDR plan that is 12.5% of discretionary income
2) Undergraduate loan forgiveness after 15 years (180 payments)
3) Graduate loan forgiveness after 30 years (360 payments)
4) Effective all loans disbursed on or after July 1, 2020.




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[VictorOfHungerGames]

so if Trump is re-elected, does that mean no student loan forgiveness?

He will try to convince you to take out a life loan from trump university lol

 

[VictorOfHungerGames]

Okay I read the Trump budget proposal, it’s pretty much the same as last year:

1) One IDR plan that is 12.5% of discretionary income
2) Undergraduate loan forgiveness after 15 years (180 payments)
3) Graduate loan forgiveness after 30 years (360 payments)
4) Effective all loans disbursed on or after July 1, 2020.




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So if we got loans before 7/1/2020, then we still good with 25 year forgiveness? nice.

 

[confettiflyer]

So if we got loans before 7/1/2020, then we still good with 25 year forgiveness? nice.

Historically, any changes to student loans leave previous loans untouched, unless it’s a more generous benefit and a borrower affirmatively opts in.




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