1. The End Of Student Loan Forgiveness?
Student loan forgiveness sounds like a wonderful game plan to many student loan borrowers.
However, it comes at a cost – for taxpayers. Under several student loan forgiveness plans through the federal government, for example, borrowers could have their student loans effectively paid by the federal government.
That doesn’t entirely sit well with the Trump administration, and U.S. Secretary of Education Betsy DeVos has repeatedly stated her goal to balance the interests of both student loan borrowers and taxpayers.
So, what’s the future of student loan forgiveness?
There is no guarantee that student loan forgiveness will continue in its current form, or at all. The Trump administration proposed eliminating Public Service Loan Forgiveness plan from its 2019 budget.