WASHINGTON (AP) – The Trump administration is proposing to eliminate subsidized student loans and end student debt forgiveness for those who enter public service.
The proposals are likely to face criticism amid calls to make college more affordable and as millions are struggling to pay off student loans.
In a budget document released Monday night, the administration seeks to save just over $1 billion by doing away with the subsidized student loan program. For undergraduate students who qualify, the government pays the interest while they remain in college.
The document says ending student loan forgiveness for those in public service would save $859 million.STORIES THAT OTHERS ARE CLICKING ON –
- Diverging Diamond opens in Sarasota
- Florida woman trapped inside CVS trying to buy birthday card
- Fire destroys 4 cars in Pasco County, lightning to blame
- Graduates walk out on Pence at Notre Dame commencement
- Dad and step-mom arrested after 5-year-old shows up drunk at hospital
- High society: Pippa Middleton marries at almost-royal event
- Huge cuts to food stamps part of Trump’s budget proposal
