The Trump administration is seeking to slash nearly $4 billion in annual funding for student aid programs, but the two-year budget deal signed into law last week complicates that proposal.
President Donald Trump and Education Secretary Betsy DeVos released a fiscal 2019 budget Monday that rehashes many of the proposals floated by the White House last year. Among them are plans to ax loan forgiveness for public servants, alter the terms of income-driven student loan repayment and stop paying the interest on low-income students’ loans while they are in school. Those three changes alone could increase the cost of higher education for borrowers by more than $200 billion over the next decade.
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