>...The budget eliminates subsidized student debt, in which interest doesn’t accrue on the loans while borrowers are in school or in economic hardship. It also reduces the number of repayment plans for borrowers and scratches the popular, if challenged, public service loan forgiveness program....
>The plan would narrow the numerous income-driven repayment plans, which caps people’s monthly bills at a percentage of their income, to just one. Under that option, students’ payments would be limited to 12.5 percent of their discretionary income, compared with 10 percent now.
>Any remaining debt would be canceled after 15 years for undergraduate students, and 30 years for graduate students. The federal work study program, which provides part-time jobs for undergraduate and graduate students with financial need, would also face cuts.
Boy I sure love sending $38 billion to Israel ans getting $0 from Mexico for the wall while American engineers are forced to pay off 6 figure school debts
Jaxson Turner
Do you really have to pay if you make less than 5000% of the poverty level?
Christian Cook
So basically the minimum you pay is 12.5% for 15 years before it becomes wiped? I wonder if it affects your credit
You're talking about programs like PAYE/IBR, right? Those will probably be phased out over time as they continue to cost more and more for the government to sustain. You can already see that in the income percentage cap for payments rising from 10% to 12.5% under this proposal. Expect that to go up and up and up.
Zachary Anderson
You're terribly naive if you think those 15/30-year time frames will actually be honored by the government when they come due. Also, look up "tax bomb" - discharged debt is considered taxable INCOME by the IRS.
Brayden Perez
And people will defend this how? What the hell is the point of an educational system if you price more and more people out of it?
Jacob Richardson
Usually the people defending the system are Boomers who benefit financially from the system and openly lie about its "benefits." There was brief hope that Trump might push for some reforms, but instead he seems to be doubling down on the current system instead.
Dylan Gray
What a scam education in this country is. >30 >fucking >years >for a 4 year leftist indoctrination book camp training course
Jace White
This is good we need less people going to college.
Benjamin Baker
30 years ? Why aren’t people smart enough to pay off their student loans by 30 at most ? Are they art degrees?
Asher Baker
This.
This is the most kike-friendly budget I've ever seen. What the fuck happened to drain the swamp?
>Cuts for medicaid >Cuts to food stamps >Big increase to defense budget contractors >Big increase to homeland security budget
Knew a girl who went on Medicaid just to give birth to white children to pay for the childbirth, then went off it. This budget isn't going to help period.
>eliminating subsidized Stafford student loans
This is going to hit people hard. If you're doing college, it means that you're receive half the financial aid for a semester.
Mean while they're going to pour billions into Lockheed Martin and Northrop Grumman so federal contractors can get increased pay rates to fuck 10 year olds.
Yeah no fuck this budget.
Mason Hernandez
Imagine being so cucked you side with banks to “own the libtards”
Faggot
Blake Wood
>Any remaining debt would be canceled after 15 years Mark your calendars! Education bubble pops in 2034!
Aiden Watson
>(((financial aid)))
Blake Hall
Do you want to work at McDonalds or have a cushy office job?
This is going to make it harder to do the latter.
Parker Anderson
This is actually a good thing, I'm surprised. University tuition won't be as inflated.
Jace Gomez
Don’t borrow money for a degree that means nothing. Problem solved.
Ethan Jones
>Any remaining debt would be canceled after 15 years
I like this though. By 40 I wouldn't be making student loan payments. This is nice.
Daniel Campbell
Majority of college graduates are women now yet the majority of engineers are men
Ayden Wilson
Good thing I never went to college. Maybe I'll go later in life if I feel bored.
Ethan Ramirez
There are no proposed reductions in maximum loan caps. These are all "borrower-side" measures.
That's why I'm paying for my college bound.kid's private college, in full. I want him lto graduate from college and be able.to tell me to fuck-off, and go live his life without being an indentured servant.
Anthony Hughes
Good Student loans should be assessed for risk .gov guarantee removes risk Would you lend your money to a romantic comedy PhD major or something more useful that could repay you? Bad lending creates useless libtard programs and college graduates working at McDonald’s
Anthony Garcia
This budget doesn't do any of that. Assessed for risk? There is no such proposal from Trump.
Brayden Gutierrez
Same thing theyve done in UK. Make it harder/useless to stay in or go to college.
Work horse with lilttle info about why things are the way they are.
After awhile people stop asking questions. They'll take your guns too as whole of western wolrd has to give up the gun.
Caleb Lee
Almost as if Trump DOES NOT want to be re-elected.
The first political party to cater to young people will be in power for a very long time.
Cooper Price
I'm lucky to be making substantial headway on several 10s of thousands in debt. I pity those that are in the economic shitter, but Trumps' restructuring here isn't really going to change the situation for better or worse. If anything his economic chops have lifted a few people out of the lower class and gotten them jobs they can finally make headway with.
Isaiah Thompson
i borrowed money for a STEM degree that supposedly is the future (software engineer) yet my own country undermined my ability to find a job by importing millions upon millions of indian code monkeys who will work for 30k per year.
>gotten them jobs they can finally make headway with. >implying millions of h1b street shitters arent filling those jobs for 1/4th the labor cost
Easton Hall
>instead of jailing the kikes bleeding out schools for marxist propaganda and tricking kids into debt traps lets bail out the kikes in just another way so they can milk our taxes as reward for milking our kids wow thanks Trump
Colton Thompson
Backs to the wall, whachu gonna do whypipo
Dominic Roberts
We get it bong. Waco was the last /riseup/ chance and it failed. We're on the bin knife agenda now year by year we get closer to binning knives.
I was able to put myself through school without taking on a cent of debt. It's not difficult. Live cheep, work like a mad dog.
Camden Parker
>>Any remaining debt would be canceled after 15 years for undergraduate students, and 30 years for graduate students so does that mean i can just pay the minimum for 15 years?
Jeremiah Lee
>t. boomer I'm sure you were able to save 50k+ on your own to go to college which is extremely low for a 4 year degree in current year.
Carson Gutierrez
I swear republicans are the stupidest motherfuckers when it comes to getting votes. They did dumb shit like this in my state too. Shit no one asked for or cared about they cut. And yet in general when it comes to big issues they are fucking cucks.
Oliver Allen
This is awesome, you pay the absoulte minimum for 15 years and it goes away
Also, this fucks the urban areas with fancy bullshit degrees the most
win-win
Brayden Morris
getting a private loan is infinitely worse than a government loan.
Benjamin Richardson
This. Holy shit when did Jow Forums become Pro-Department of Education? Those money grubbing niggers are making money hand over fist off of every student in the country, and subsidized loans are driving up the cost of education to insane levels. Burn the DOE and make universities responsible for the loans they give out. >muh grants and scholarships Bunch of bitches can't even pay for their own education. They just want to party the whole time. I graduated in 2016 and worked full time 3 out of the 4 years I was in college, got out with $6k in debt which is all paid back now. I didn't get any money from my parents or the government. Have some goddamn pride and stop whining like a bunch of leftists.
Jason Lewis
only feasible if you live with your parents
Colton Johnson
just pull up your bootstraps and clean your room bucko. Everything will be fixed if you do that.
Justin Adams
Thank you, this whole student loan shit was the government’s fault for getting involved. The best course of action is to pull ALL government influence and aid from colleges. It’s time to make colleges go back to only offering STEM degrees and not social or art degreees
Parker Butler
the government can't do that for student loans don't do that though?
Brody Clark
>commie feminist dynamics and african genders professors get fired oh no^3
Daniel Clark
>...cutting subsidization on loans we already put out is the answer... not cutting federal/state funding to schools not cutting loans on future students not keeping kids another year in high school for an associates degree(my hometown school is now giving this option)
inb4 I have loans. they are paid off.
Quite a few private college failures as well. It can be fixed but it takes a strong armed leader to do it.
Joshua King
Getting a high-paying cushy job is getting harder without a graduate degree or connections.
Nathan Kelly
nothing your country can do about you being a failure, sorry. some of us figured it out
Dylan Reyes
private colleges are unironically scams, i dont know why people go to them when an undergrad degree is same across the board.
Oliver Allen
>half jobs taken by foreigners >i’m the failure ask me how i know you’re a boomer
Brody Green
29, tech phd, making shit tons for doing nothing - thanks for asking.
Thomas Allen
>tech phd brainlet detected
Aaron Sanders
You're right, it's brainless - easiest jobs I've had.
Nathaniel Richardson
Any changes towards getting .gov out is positive Acceleration will Redpill University g&a expenses are 1:1 correlated with student loans since .gov guarantee This is why it’s so expensive now Boomers created any blockage they could find to protect their jobs (endless certs, licenses, etc to do anything) while most never went to college Get .gov out and useless programs will die, tuition will come down and college degrees will have value again Instead they decided to give As to morons in HS and let them learn to read in college >nb4 that’s racist HS kids can’t be expected to read, write or do maffs
Jack Russell
you need to price them out, there is oversupply which drives down value of the degree
30 years is too small, punishment for dabling in leftism should be death
Jackson Foster
This. Clearly the best solution is to receive a quality education that lands you an upper middle class job, then turn around and absolutely strip the education system bare so those who come after you can't follow in your foot steps. Then there is less competition, you can afford that second bass boat, and if there's ever a labor shortage well hey there's always India. Sorry kids, the money's all spent!!!
Asher Thomas
Thank GOD! Starve the beast.
John Smith
companies, not your country.why pay you when the company can pay an Indian half to do the same thing.
Dominic Barnes
The student loan bubble is due to the federal government giving out low interest loans which has raised the cost of tuition and college administrative bloat. Cutting this will just force universities to cut dead weight.
Luis Russell
HAHA EPIC, WE NEED TO GIVE MORE MONEY TO ISRAEL. FUCK THE WORKING CLASS MY FELLOW MIGAPEDE XD
Connor Mitchell
jesus thats more than greek debt :(
William Sullivan
Lol no it isn't. Learn a skill.
Benjamin Martin
I don't even understand what half of the words in this thread mean and I willnnever have to. Living in a country where college is not free must fucking suck, lmao.
Adam Ortiz
Based
Joseph Lopez
Wrong. The solution is more oversight. Tell universities that they can only receive government funding if they comply with governmental standards. Tuition costs will be on a fixed standard and degree programs will regularly be inspected for academic integrity.
Angel Hill
Right... You saved up $45k working that summer job part time. Boomer.
Lincoln Stewart
let me guess. i need to have a firm handshake and that will be the difference between working a salary paying job and working an entry level job?
David Ramirez
because goy, don't you want to spend that money on our new shiny iDildo XL or that new Mercedes. why save for the future? enjoy yourself now, you know you want to.
Adrian Phillips
Good! All you fagotrons whining about student debt need to take a big Dave Ramsey suppository, bite down and start paying off what you owe. If you're in school now, stop borrowing money. If you haven't started school, don't take out loans. >b-but then I can't afford school! Well then you can't afford school. Get a job, save up money, don't go out to eat, pay for school as you go.
80-85% of college students don't belong there, and I'm being generous. College needs to go back to being a place where people >120 IQ only go.
Adrian Bailey
make calc and linear algebra mandatory for all 1st years
Bentley Lopez
Income based repayment is a scam. You'll go into negative amortization and end up owing a WHOPPER of a tax bill when the balance is written off after TWENTY FIVE YEARS. Do you really want to be in debt for 25 years? I know I don't.
Blake Barnes
I'm currently on a 30 year student loan repayment program meaning i will finish paying when i'm fucking 66
i doubt i will be alive when i'm 66. if i do well at any point whatsoever, it'll make it trivial to pay the rest off.
Logan Parker
Exactly right brother.
Henry Johnson
>americans literally don't critique the system in the first place to have free colleges because lmao socialism americans are trully jewish cattle at this point.
>Spacing I'm no fan of Trumpstein either, but at least it's for the correct reasons. You're posting shit from Occupy Demokikes. Your party is just as in bed with Jews as Ivanka is. Hate to disappoint.
Good we should have never given all this money to colleges that are filled with literal communists anyways.
Anthony Powell
This >The solution is more government! Get fucked. We’re in this mess because the government tried to fix the issue in the first place, and because a lot of the funds from those loans were laundered through colleges back into the campaigns of democratic politicians. Stomping on the throat of the subsidies will force the price point back to where it’s affordable as the spigot dries up.
Didn't they expand the H1B program to include lower cost for international students?
Justin Flores
When Corey Booker becomes president in 2028 he will eliminate all outstanding student loan debt, people under a certain age who paid student loan debt will qualify for tax rebates
Jordan Martin
If you rack up massive student debt without any way of paying it then you are an actual retard and deserve your fate. Besides, if you are paying full price for college then you are probably academically stunted and don't belong there.
Elijah James
I took the Ramsey pill. Best decision of my life.
Brayden White
why would I want leftist indoctrination to be free?
yes I am aware that under a "free" system standards for admission tend to be much higher and you tend to have to be studying something useful but for various reasons I don't see a transition working out well in this country
Levi Phillips
This guy gets it. Debt free is the way to go. You don't have to spend a zillion dollars on school either. Go to an in state school for a degree that will be useful. If your kid doesn't know what he wants to do, get an associate's degree first and finish your general Ed, even cheaper. Get a job and earn money while in school. Take a little longer to finish school, who cares?
it's okay, trump isn't going to get reelected anyway. i think even his supporters have had enough of his israeli cock-sucking (minus the evangelical boomers).
Levi King
>price people out
Just pay your fucking debts. Dont borrow what you don't have a plan to pay back, and absolutely don't try to cheat your way out of them.
Grayson Ward
Lol right.
Jayden Mitchell
People fall into the exploration year meme and then pick hardass engineering, nearly fail out, change majors to business after year 3 and then have to spend another 3 years to finish their business degree. They graduate having paid for 200+ credit hours then they move to a major metropolitan area and do an unpaid internship to learn all the real shit school didn’t teach them. Eventually they land a job making like 50k/yr just in time to declare bankruptcy and spend the first few months living in a spare bedroom or the back of their van.
Justin Ward
This will drive more young people to vote socialist, which is great. If accelerationism is the only potential way out, then we need communism asap. Keep up the good work Republicans! "Muh free markets!" "Muh boot straps!" "Muh Funding Fathers!"
Juan Martin
>hurf durf lets not fix this obviously broken system because i individually did ok
>why would I want leftist indoctrination to be free? retard, if we fixed this system then leftist indoctrinating teachers wouldn't be getting such big fat salaries and tenure.
Parker Powell
MIGA
Ayden Torres
>Don’t borrow money for a degree that means nothing. Problem solved. There's that fag talk again!
Xavier White
Ignore the faggots saying this is impossible. It's doable if you don't live in the hip metro areas and are willing to work like a dog and, dare I say it, to SACRIFICE for your education.
