Education | White House considers canceling loan cancellation
by Laura Edghill
Posted 2/19/20, 02:02 pm
As Democratic Party presidential candidates promise to cancel Americans’ $1.6 trillion in student loan debt, President Donald Trump wants to end the Public Service Loan Forgiveness program and eliminate subsidized federal loans.
The president has proposed dropping the loan forgiveness program in every budget he’s submitted, including the 2021 fiscal year proposal released last week. Congress has not acted on his recommendation.