GOP bill would eliminate student loan forgiveness for public service
Source: The Hill
BY JACQUELINE THOMSEN - 12/04/17 03:55 PM EST
A bill from House Republicans would end a program that forgives student loans for graduates who enter public service, The Wall Street Journal reported Monday.
The GOP bill to reauthorize the Higher Education Act, introduced by Rep. Virginia Foxx (R-N.C.) on Friday, would eliminate the Public Service Loan Forgiveness program, which erases student debt for those who work for qualifying employers after making payments for 10 years.
The qualifying employers include government organizations and nonprofits, according to the federal student aid website. Those who volunteer for the Peace Corps or AmeriCorps are also eligible.
The Department of Education proposed eliminating the debt forgiveness program in its budget earlier this year.
Education Secretary Betsy DeVos has overseen the elimination or rescinding of several guidances or programs within her department.
Read more: http://thehill.com/homenews/administration/363175-gop-bill-would-eliminate-student-loan-forgiveness-for-those-who-enter
BigmanPigman
(51,627 posts)Last edited Mon Dec 4, 2017, 06:39 PM - Edit history (1)
You, me, family, friends, pets, whoever CAN turn it around!
I was part of the Not One Penny nationwide phone call today and you are doing what Ben said we all need to do. The bill is not a win, it is a disaster and we can stop it. There are still a few weeks left and the three things we must do...
1. Attend protests, town halls, etc and make sure the media is there, no matter how big or small it is. The media has been absent due to the non stop distractions. There are many important issues but this is our BIGGEST PRIORITY for the next few weeks.
2. Keep up the CALLS. They started late but eventually their staffers were busy ...call, tell your family and friends in other states to call too. (202)224-3131
https://www.trumptaxscam.org/
3. Social media is crucial. Retweet and share whatever you can. Send it to the media. Events, town halls, protests are occurring and over 100 are planned for this week alone. Bernie, Cory Booker, Indivisible, MoveOn have been going to Kentucky, Ohio and PA all weekend.
New info is already coming out. One new fact since the Fri vote is that there will be 1/2 trillion more dollars added to the deficit. 28% of Americans approve of the Tax Scam. This week Ryan will appoint Repub to his closed door "conference committee" and then we can target those reps. The house and senate have to "negotiate a compromise". What they voted on is different in each chamber. For now we know of 28 Rep congressmen who voted against one of the two bills/plans. We need to flip 23 of them. The Senate will need to be PRESSURED NON STOP...this means calling the 9 senators that were wavering. If we get Alabama we only need two more senators with Corker. This would be great. Also there is the threat of a govt shutdown by Fri., Dec. 8th.
We have been the catalysts of the grass roots efforts for a year and have stopped major legislation. We have a few more weeks until the holidays. After that we have to spread the word about what the GOP has done to the stability and future of our country with this tax cut for the rich and they are taking money from the sick and poor which will bankrupt millions and take over 13 million off of health care. Meanwhile tax cuts for multi million dollar corporations will not be trickling down at all and never will. The bill ensures that the country will be taxed more over the next 10 year (but not the corporations...you and me are paying).
Call (202)224-3121
We must HAMMER them on this bill. Put pressure on these greedy, cruel eastwards and DO NOT STOP!
caballojm
(272 posts)Gotta fund that private jet maintenance deduction somehow. Don't forget Mitt Romney's dancing horse!
BumRushDaShow
(129,448 posts)car garage with elevator!!!!11!11!!!!
Chakaconcarne
(2,462 posts)former9thward
(32,077 posts)The new provisions will apply to loans taken after July 1, 2018.
llmart
(15,552 posts)The program was supposed to start accepting applications ten years after it began (people have to make ten years of loan payments before they can apply) and that was supposed to start in October 2017 since the program began in 2007. You could send in forms verified by your employer that attested to how much you earned and how long you worked for a public entity, but no one could actually apply yet.
Anyone taking a loan out after July 1, 2018 will still have to make ten years of payments before they will actually be forgiven. Of course ten years from now everything could change again.
enki23
(7,790 posts)Though it's stupid. It's not like all those poor kids have the connections to really make it count. But what the hell.
They might as well paint "The American Dream is Fucking Dead" in screaming red letters across the front of the Capitol Building. Below that, a grinning, masturbating elephant holding a banner saying "We Finally Fucking Killed It."