Trump 2021 Budget Seeks to <br />Kill Student Loan Forgiveness "A Budget for America's Future" <br />was released by the Trump Administration on Monday. The 2021 budget proposal would cut <br />student loan spending by $170 billion. Funding for the Department of Education <br />would be slashed by $5.6 billion. Changes to current student <br />loan options include an end to the <br />student loan forgiveness program, <br />approved in 2007 by President George W. Bush. The program allows for loan forgiveness <br />after 10 years for government or not-for-<br />profit employees who've made on-time payments. Other changes include ending <br />subsidized loans, in which the <br />government covers the interest <br />of a loan while a student is in school. Also included in Trump's 2021 <br />budget are “sensible annual and <br />lifetime loan limits” for graduate students. A study conducted by The Pew <br />Charitable Trusts reveals that 80% of <br />Americans agree repayment of student <br />debt should be made easier by the government.
