Should You Be Concerned About Public Service Loan Forgiveness Ending?

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President Trump has proposed eliminating Public Service Loan Forgiveness for the 3rd time. Here's what borrowers need to know and why most shouldn't be worried about the change:

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It would exclude borrowers who are completing their current course study. As such, it appears that borrowers who are already eligible for the program would be grandfathered in under the current proposal. And this makes sense - if your loans are currently eligible, then you can continue to be eligible. If you take out new loans after the change - they won't be eligible.

While the result of this change may negatively impact some borrowers , the reality is borrowers who are currently eligible won't see any impact with the current proposal.public service loan forgiveness

 

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DeVos wants to cut budget funding for student loan forgiveness, againFor the third year in a row, Education Secretary Betsy DeVos has proposed ending a loan forgiveness program for public service workers and eliminating subsidized loans for low-income students Good. Personal responsibility. سيسجل التاريخ معركةالموصل وستدرس قصصها وبطولاتهاللأجيال القادمه وهذا في سَنَن من قبلنا. ثبات ضد العالم من اجل تحكيم شرع الله So basically for a third year in a row, just adding to everything else terrible from this admin. If it’s bad, you can count on them doing it.
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He just had $60,000 in student debt cancelled — and the Education Department refunded him moneyJason Edwards, a communications professor, learned he didn't qualify for public service loan forgiveness. That was just the beginning of his journey.
Source: CNBC - 🏆 12. / 72 Read more »