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Trump and DeVos call for massive cuts to college student aid programs

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"The Trump administration is seeking to slash nearly $4 billion in annual funding for student aid programs, but the two-year budget deal signed into law last week complicates that proposal.

[ DeVos seeks cuts from Education Department to support school choice ]

President Trump and Education Secretary Betsy DeVos released a fiscal 2019 budget Monday that rehashes many of the proposals floated by the White House last year. Among them are plans to ax loan forgiveness for public servants, alter the terms of income-driven student loan repayment and stop paying the interest on low-income students’ loans while they are in school. Those three changes alone could increase the cost of higher education for borrowers by more than $200 billion over the next decade.

Trump wants to consolidate five income-driven plans into one that shortens the payment period to 15 years for undergraduates but raises the monthly bill to 12.5 percent of income for both undergraduates and graduate students. Graduate students, though, would have to pay for longer: 30 years. What’s more, future borrowers would no longer have the option of working as teachers or social workers to receive debt forgiveness after 10 years of loan payments.

The Institute for College Access & Success, a student advocacy group, estimates that under Trump’s income-driven plan, teachers who borrowed for graduate school would pay more than 3 1/2 times the amount required than if they had access to loan forgiveness for public servants..."

https://www.washingtonpost.com/news/grade-point/wp/2018/02/13/trump-and-devos-call-for-massive-cuts-to-college-student-aid-programs/?utm_term=.9ef96c62ae6c

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My niece is paying her loans off, while FOREIGN students in her class returned to their own country and the loans are forgiven. OH, it ALL happened during the Clinton administration. Yes, she's still paying.

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Jake92 wrote:My niece is paying her loans off, while FOREIGN students in her class returned to their own country and the loans are forgiven.  OH, it ALL happened during the Clinton administration.  Yes, she's still paying.

Therefore . . . . . ????

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knothead wrote:
Jake92 wrote:My niece is paying her loans off, while FOREIGN students in her class returned to their own country and the loans are forgiven.  OH, it ALL happened during the Clinton administration.  Yes, she's still paying.

Therefore . . . . . ????

That applying different rules for subjective groups is in itself bias.

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My niece is paying her loans off, while FOREIGN students in her class returned to their own country and the loans are forgiven. OH, it ALL happened during the Clinton administration. Yes, she's still paying.


No federally insured student loan can be discharged in bankruptcy. Only in a bankruptcy hearing can a student loan be forgiven if the debtor can show special hardships......never heard of one of those being approved. So the debt remains on all students, and contrary to the innuendo that somehow foreign student's debt is forgiven, It is not.

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Feds tell state officials to back off student loan debt collectors



"Education Secretary Betsy DeVos has a message for Massachusetts Attorney General Maura Healey and officials in other states hoping to rein in student loan debt collectors: Back off.

The US Department of Education announced Friday that it considers state efforts to regulate collection companies — many of which have been accused of unfair consumer practices — inappropriate and that they “undermine” federal authority.

The notice from the Education Department and DeVos infuriated consumer advocates and Healey, who called it a move to protect debt collectors at the expense of student loan borrowers across the country.

“Secretary DeVos can write as many love letters to the loan servicing industry as she wants,” Healey said in a statement. “The last thing we need is to give this industry a free pass while millions of students cannot afford to pay their loans.”..."


https://www.bostonglobe.com/metro/2018/03/09/department-education-blocks-states-student-loan-debt-collectors/y5aFCuXozDIlW8Onghh35H/story.html

*************

I always hesitate to use a term that describes a female dog, but in this case, calling her a B**** is an insult to dogs.

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