Post this on Dentaltown, but thought to post it here as well...
Per the Washington Post, the Trump administration is expected to release their education budget on May 23rd. Of interest to graduate students:
1. Rolling the 5 current income driven repayment options (IBR, PAYE, REPAYE, New IBR, & ICR) into 1 program.
-Proposed new IDR for graduate students is 12.5% of discretionary income with a 30 year repayment term.
2. Public Service Loan Forgiveness (PSLF) - elimination of this program.
It's my expectation these proposals, if approved, will be effective for those 1st time federal loan borrowers on or after July 1, 2017. Current borrowers will be grandfathered under the current terms.
Let's see how this moves forward.
Here's the article: https://www.washingtonpost.com/local/education/trumps-first-full-education-budget-deep-cuts-to-public-school-programs-in-pursuit-of-school-choice/2017/05/17/2a25a2cc-3a41-11e7-8854-21f359183e8c_story.html?utm_term=.8f52ed38e782
Per the Washington Post, the Trump administration is expected to release their education budget on May 23rd. Of interest to graduate students:
1. Rolling the 5 current income driven repayment options (IBR, PAYE, REPAYE, New IBR, & ICR) into 1 program.
-Proposed new IDR for graduate students is 12.5% of discretionary income with a 30 year repayment term.
2. Public Service Loan Forgiveness (PSLF) - elimination of this program.
It's my expectation these proposals, if approved, will be effective for those 1st time federal loan borrowers on or after July 1, 2017. Current borrowers will be grandfathered under the current terms.
Let's see how this moves forward.
Here's the article: https://www.washingtonpost.com/local/education/trumps-first-full-education-budget-deep-cuts-to-public-school-programs-in-pursuit-of-school-choice/2017/05/17/2a25a2cc-3a41-11e7-8854-21f359183e8c_story.html?utm_term=.8f52ed38e782