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Draft Education Dept. budget to possibly cut Public Service Loan Forgiveness Program
Posted on 5/18/17 at 9:28 am
Posted on 5/18/17 at 9:28 am
LINK
quote:
Budget documents obtained by The Washington Post paint a bleak picture for many federal education programs: The newspaper reported on Wednesday that President Trump’s administration plans to cut them by a total of $10.6 billion. The proposed education budget would cut spending on programs in secondary education in order to funnel some of that money into school-choice programs, which have long been a major focus for Education Secretary Betsy DeVos.
In terms of money for higher education, the proposed budget would reportedly cut funding in half for the federal work-study program, and would sharply reduce grants focused on career and technical education. The most drastic change, however, may be the budget’s proposed elimination of the public-service loan forgiveness program, which was initially designed to benefit people who work in the public interest.
A spokeswoman for the Education Department told the Post that the figures it cited were preliminary until they have been released officially, and the White House is expected to release the Trump administration’s full budget for the 2018 fiscal year next Tuesday. Until then, here are a few key things to know about the public-service loan forgiveness program, and its uncertain future:
Congress approved it in 2007 as a way to aid borrowers in public-service jobs.
Those jobs can include work for government organizations or tax-exempt nonprofit groups, among other employers in the nonprofit sector. To receive the benefit, borrowers must make 120 on-time monthly payments — in other words, at least 10 years of such payments — on their student loans while working for a qualified employer. The Education Department encourages (but does not require) borrowers to submit forms certifying that they work for a qualified employer in order to keep track of their progress.
Posted on 5/18/17 at 9:30 am to Wally Sparks
My wife has student loans.
My wife works in public service.
We have ZERO problem paying back money we borrowed.
My wife works in public service.
We have ZERO problem paying back money we borrowed.
Posted on 5/18/17 at 9:31 am to Wally Sparks
Pay your debts. Gubment shouldn't be bailing folks out.
Posted on 5/18/17 at 9:54 am to Wally Sparks
Wanna see how an idiot makes himself completely unelectable?
Posted on 5/18/17 at 9:54 am to bamarep
You have kids in college. How is it you haven't paid them back by now?
Posted on 5/18/17 at 9:59 am to Wally Sparks
This is one of those things that could turn the midterms to the Dems.
Posted on 5/18/17 at 10:02 am to bamarep
quote:
We have ZERO problem paying back money we borrowed.
Your continual display of ignorance is sometimes breathtaking. The program has nothing to do with the ability to repay. It's designed to entice quality people into low demand jobs in underserved areas. Doctors use it frequently. Friend of mine did it when he completed Denistry school. Worked 2 years on an Indian reservation.
This is a horrible idea, but not the least bit surprising.
Posted on 5/18/17 at 10:08 am to bamarep
Try getting good ADAs, CPAs, doctors, etc nowadays without this. Of course you would support this.
Posted on 5/18/17 at 10:09 am to The Spleen
Well said. This is a fricking stupid idea.
Posted on 5/18/17 at 10:09 am to The Spleen
quote:Plus it's offsetting the lower pay for those jobs; it's essentially like any other benefit an employer provides.
It's designed to entice quality people into low demand jobs in underserved areas.
Posted on 5/18/17 at 10:13 am to Wally Sparks
The swamp is getting nervous.
They will go into full anaphylactic shock once Trump's full budget is released.
They will go into full anaphylactic shock once Trump's full budget is released.
Posted on 5/18/17 at 10:14 am to UHTiger
quote:
You have kids in college. How is it you haven't paid them back by now?
I do have kids in college. My wife is getting her master's.
Posted on 5/18/17 at 10:14 am to UHTiger
quote:
Wanna see how an idiot makes himself completely unelectable?
So Trump won't win DC again.
Posted on 5/18/17 at 10:14 am to GumboPot
Plenty of your local ADAs, VA Docs, etc utilize this plan. Some of you can never stray from daddy Trump. Meanwhile we are spending billions arming the fricking Saudis.
Posted on 5/18/17 at 10:17 am to NIH
quote:
Meanwhile we are spending billions arming the fricking Saudis.
I thought they were buying from us.
Posted on 5/18/17 at 10:21 am to Wally Sparks
quote:
Education Department encourages (but does not require) borrowers to submit forms certifying that they work for a qualified employer in order to keep track of their progress.
What? They're just putting borrowers in the program with no verification that they qualify?
quote:Would this include political workers for PACS, campaigns, etc.?
can include work for government organizations or tax-exempt nonprofit groups, among other employers in the nonprofit sector
Posted on 5/18/17 at 10:23 am to GumboPot
Point still stands. This is as dumb as cutting NIH funding. frick good professional pursuits, we have coal again!
Posted on 5/18/17 at 10:26 am to Wally Sparks
quote:And I don't understand this. If people want choices, why would EXTRA federal money be needed? I thought the goal was for the federal government to limit its involvement in K-12 education, or at the very least, allow people to use the funding for alternative choices. Now they want more involvement?
in order to funnel some of that money into school-choice programs,
Posted on 5/18/17 at 10:30 am to TigerTattle
quote:Well unless they work 120 months in a public service job, then they don't qualify for forgiveness. The jobs above are usually temporary so it would take a long time.
Would this include political workers for PACS, campaigns, etc.?
Posted on 5/18/17 at 10:40 am to Wally Sparks
I know some shitty public attorneys who could never cut it at a private firm who will pissed at this. They make about 50k a year but don't have to pay their 200k student loans they owe.
Because of this, i absolutely support cutting this program!
Because of this, i absolutely support cutting this program!
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