TRUMP $5.6 BILLION
EDUCATION CUTS
On February 10, 2020, President Donald
Trump announced the 2021 Fiscal Year proposal budget cuts. It is a proposed document that Congress put
together every fiscal year that shows where the president and his
administration priorities are. The
president’s budget plan will reflect his policy objectives for 2021, if he is
re-elected as president in the November, 2020 election, and if Congress pass
these budget cuts. There are many other
areas that are affected by this proposal, food stamp programs, Medicaid
programs, energy, assistance for low-income families, federal laws enforcement,
transportation projects, and many more, but I would like to focus on education.
Also, within Trump’s budget cuts, he
is planning to wipe out subsidized student loans. The interests that are applied to these loans
are covered by the federal government, while a student is enrolled in
college. He also plans to eliminate the
Public Service Loan Forgiveness program.
This program eliminates your federal student loan debt, while pursuing
your career in public services, as police officers, government workers,
teachers, public hospitals, prosecutors, public defenders, and many more. However, a recession is being predicted, and
this would be a bad time for families to enroll college students if a recession
happens.
On February 10, 2020, President Donald
Trump announced the 2021 Fiscal Year proposal budget cuts. It is a proposed document that Congress put
together every fiscal year that shows where the president and his
administration priorities are. The
president’s budget plan will reflect his policy objectives for 2021, if he is
re-elected as president in the November, 2020 election, and if Congress pass
these budget cuts. There are many other
areas that are affected by this proposal, food stamp programs, Medicaid
programs, energy, assistance for low-income families, federal laws enforcement,
transportation projects, and many more, but I would like to focus on education.
Included in
the 2021 proposed budget cut is the $5.6 billion cut in the Department of
Education. Higher education continues to
be crucial to the United States economic future. Trump is also proposing to cut $3.9 billion of
the Pell Grant Program. The Pell Grants
are federal college scholarships that help fund low-income students tuition,
living expenses, fees, books, transportation, supplies, and personal expenses
like room and board. The good thing is you
do not have to repay Pell Grants like you do federal government loans.
Also, within Trump’s budget cuts, he
is planning to wipe out subsidized student loans. The interests that are applied to these loans
are covered by the federal government, while a student is enrolled in
college. He also plans to eliminate the
Public Service Loan Forgiveness program.
This program eliminates your federal student loan debt, while pursuing
your career in public services, as police officers, government workers,
teachers, public hospitals, prosecutors, public defenders, and many more. However, a recession is being predicted, and
this would be a bad time for families to enroll college students if a recession
happens.
There
are over 44 million students who apply for loans today, and they are depending
on student loans due to the constant increase in higher education, or help in a
low income household. James Kvaal and
Jessica Thompson, co-authors of a new policy brief by the University of New
Hampshire’s Carsey School of Public Policy says, “State funding is not only
declining but it is also distributed inequitably,” (Kvaal & Thompson,
2020).
However,
Congress has denied the Trump administration in the first three years on the
budget cuts, but he keeps pushing it through trying to get it passed. House Budget Chairman John Yarmuth (D-KY)
made a statement saying, “Judging by initial reports, this destructive and
irrational President is giving us a destructive and irrational budget,”
(Whistle, 2020).
There are
two Democratic presidential front runners who have made a declaration about the
student loan forgiveness program:
Elizabeth
Warren proposed that she will cancel $50,000 in student loan debt whose
household income is less than $100,000.
Bernie
Sanders proposed to eliminate the whole $1.6 trillion of student loan debt.
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