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PSLF eliminated by Trump

Posted: Mon Feb 12, 2018 8:59 pm
by jstanhope14
Trump’s proposed 2019 budget would eliminate PSLF. Will this stay in the final budget? https://www.cnbc.com/2018/02/12/trumps- ... ogram.html

Re: PSLF eliminated by Trump

Posted: Tue Feb 13, 2018 1:45 am
by bokampers
Obviously no way of knowing for sure -- but my guess is no. This proposal isn't law until Congress votes on it. As it stands, this would be extremely difficult to pass due to narrow margins. And depending on how the 2018 midterms go, it might even become impossible.

I wouldn't worry about this until it becomes more imminent. In any event, it seems that the change(s) would only affect loans taken out after mid 2019 (not including those borrowed for finishing a program). That means that if you are in law school now, or will start at any point before mid 2019, the PSLF + IBR should still be available to you.

Re: PSLF eliminated by Trump

Posted: Tue Feb 13, 2018 9:37 am
by Johann
its important to stay abreast of the developments, but theres not much to worry about at this point as its very early on in the process. i dont think they have the votes to do anything.

Re: PSLF eliminated by Trump

Posted: Tue Feb 13, 2018 12:16 pm
by Gemini
The article is so vague. It addresses that people can be grandfathered into their loans if they took them out before 2019 but does this grandfathering extend to the PSLF? Or is it just automatic elimination of the program for every borrower, even those currently paying off their loans?