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This episode is a brief update on the major updates being proposed by the Trump administration:
1) Undergraduates can get federal student loan forgiveness after 15 years
-12.5% of discretionary income and forgive remaining balances after 15 years.
-Positive: forgive the remaining student loan balance five to 10 years sooner than the current income-driven repayment plans
2) Limits annual and lifetime student loan limits for graduate students and parent borrowers
3) Eliminates subsidized federal student loans
4) Eliminates public service loan forgiveness
5) Expands eligibility for Pell Grants
If you need help on understanding how this proposal may impact your loans, schedule a free discovery call via www.doctorpleasehelpme.com
By Sonia Lewis4.2
1818 ratings
This episode is a brief update on the major updates being proposed by the Trump administration:
1) Undergraduates can get federal student loan forgiveness after 15 years
-12.5% of discretionary income and forgive remaining balances after 15 years.
-Positive: forgive the remaining student loan balance five to 10 years sooner than the current income-driven repayment plans
2) Limits annual and lifetime student loan limits for graduate students and parent borrowers
3) Eliminates subsidized federal student loans
4) Eliminates public service loan forgiveness
5) Expands eligibility for Pell Grants
If you need help on understanding how this proposal may impact your loans, schedule a free discovery call via www.doctorpleasehelpme.com