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President Trump’s FY 2021 Budget Proposal: How It’s Going to Affect Your Student Loan

President Trump’s FY 2021 Budget Proposal: How It’s Going to Affect Your Student Loan

The FY 2021 budget proposal made by President Trump will have an effect on students for sure. According to Forbes, with a decrease of 7.8%, he has allotted $66.6 billion for the US Education Department as budget. Instead of reducing the budget amount, he has taken a few firm decisions on student debt repayments as well. Have a look at what are the major changes brought by him and how it will affect the students who are currently in debt: He has proposed abolishing the PSLF (Public Service Loan Forgiveness program) In 2019, the Congressional Budget Office (CBO) estimated that the PSLF or Public Service Loan Forgiveness program costs $12 billion annually. The CBO estimate may have influenced Mr. President to abolish the Public Service Loan Forgiveness program. You qualify for PSLF if you have taken...

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Find Your Freedom Number!

How much real estate will it take to reach your dreams? Unlock your "freedom number" using the step-by-step process I use with my own family.

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