President Trump's 2020 budget proposal calls for eliminating a loan forgiveness program for public employees and advocates other changes that could cost struggling students more.
The budget blueprint released by the White House on Monday says "streamlining and improving student loan repayment" is a priority, but includes proposals cutting several current programs and initiatives. That includes an elimination of the Public Service Loan Forgiveness program, which was created under President George W. Bush in 2007. The program forgives student loans for workers in the government and some nonprofits after they make payments for 10 years.
Under Mr. Trump's proposal, the program would no longer apply to new student loans taken out after July 1, 2020, which the White House projects would save about $53 billion over nine years.
The president's budget also suggests for additional education cuts, including: