Here's how Trump's weekend executive actions will impact student loans

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Here's how Trump's weekend executive actions will impact student loans (via CNBCMakeIt)

federal student loan borrowers whose debt is held by private lenders or their colleges and because it does not count paused payment months

towards the repayment time required for public servants utilizing the Public Service Loan Forgiveness program. "We are heartened to see that the Trump administration has provided additional relief to some student loan borrowers by suspending student loan payments through December 31, however, more relief is needed," says Nancy Conneely, director of policy at AccessLex Institute, a legal education nonprofit.

Conneely continues, "We also urge the administration to count suspended payments toward Public Service Loan Forgiveness and income-driven repayment, as the CARES Act does. Counting suspended payments toward PSLF recognizes the vital work being done by our public servants, such as nurses, doctors and other essential workers, which is needed now more than ever. These Americans should not lose progress toward forgiveness due to circumstances outside of their control.

 

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MakeIt President Trump’s student debt plan allows undergraduate borrowers to receive student loan forgiveness five years earlier.The Trump administration’s plan would allow undergraduate loan forgiveness 5 years earlier.

MakeIt President Trump has proposed an income-based repayment plan that would forgive federal student loans for undergraduate borrowers after 15 years of student loan payments.

MakeIt These Republicans and these Democrats has not just shown the world that democracy in America has failed. Every active politician is guilty of treason.

MakeIt Dump trump

MakeIt Extending Federal Assistance as is would be the fastest, easiest and less expensive way of helping unemployment and other timed out measures. By the time States figure out the change and infatuate them, people will be in big financial trouble!

MakeIt SC gave him the way after they said Obama could go around Congress on DACA. Even Obama said he couldn’t do it but later walked that back as said “Sue Me”. So ppl saying it unconstitutional are probably in error at this point.

MakeIt It won’t because he has no authority

MakeIt

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Trump Signs Executive Orders to Provide Additional Coronavirus ReliefAt a press conference from his golf club in Bedminster, N.J. Saturday, President Trump issued executive orders to provide payroll tax cuts, impose a partial eviction moratorium, expand unemployment benefits and assist with student-loan payments. GOD BLESS PRESIDENT TRUMP What. A. Putz.
Source: WSJ - 🏆 98. / 63 Read more »