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More on Trump Prospects of Rolling Back Student Loan Repayment Programs

By on November 14, 2016

The Washington Post is reporting:

“Republicans have pilloried Obama’s expansion of income-driven repayment programs as fiscally irresponsible, yet the party’s leader promised to lower the repayment period, which would probably cost hundreds of billions of dollars. Even the latest income-driven plan, known as Revised Pay as You Earn (REPAYE), only forgives debt after 20 years of payment, though it caps borrowers’ monthly bills to 10 percent of their income.

“Republicans have said in many budget resolutions that Obama’s changes to income-based repayment should be rolled back, but Trump’s changes seem to roll them forward,” said Jason Delisle, a resident fellow at the American Enterprise Institute, a conservative think tank. “I don’t know if he didn’t run the numbers, but it is a bad direction to go in.”

You can read my look at the possibilities of big student loan repayment changes at What You Need to Know About the Trump Student Loan Forgiveness Program.

You can read the full article, here.

If you have a credit or debt question you’d like to ask just use the online form. I’m happy to help you totally for free.

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About Steve Rhode

Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.

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