Trump's bid to end public service loan forgiveness is not likely to pass. However, the strict guidelines means few people who apply actually receive loan forgiveness -- just 1% received forgiveness, or 96 borrowers out of 29,000 applicants.
J.P. Gilbert, a 30-year-old assistant public defense lawyer based in central Florida, hasn’t missed a single loan repayment since he started paying off his student loan debt five years ago. He’s been diligent about making payments on time and keeping his government job so that in five years he can qualify for student loan forgiveness.
Applicants typically understand that adhering to the program’s guidelines — which include having their employers submit annual certification reports to verify their roles — by no means ensures that their student debt will be wiped away. But that small glimmer of hope is why Gilbert has continued to work as a public defense lawyer.
The Democratic-controlled House Budget Committee criticized Trump’s budget proposal, which in addition to ending the PSLF program, would affect Medicare prescription-drug pricing, Medicaid, food stamps and disability benefits. Republican Senate Budget Committee Chairman, Mike Enzi, said he will not hold a hearing on the budget cuts because it would only spark “animosity” between Democrats and Republicans, The Hill reported on Monday. Enzi, a Wyoming senator, is retiring later this year.
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