Elizabeth Warren Thinks Trump’s Pick for Student Loan Watchdog is Corrupt

Uncategorized

There’s clearly no love between Elizabeth Warren and Pres. Trump as they differ in just about every issue. The president recently did something that Warren wasn’t too happy about: hiring Robert Cameron as the newest student loan ombudsman. In fact, the move angered her so much that she sent three letters to the Consumer Financial Protection Bureau, Treasury Secretary Steve Mnuchin, and the newest ombudsman himself.

Warren claims that Cameron is scandal-plagued, corrupt, and should never be the newest student loan watchdog. This position was created solely for the purpose of protecting students who take out student loans. There’s a lot of predatory behavior in the student loan game is minds Americans have been suckered in by false ads and scammed by their lender.

It’s the job of the ombudsman to gather together all the complaints and help settle any disputes that have occurred. But according to Warren, Trump chose the wrong person for the job as he himself has a history of corruption within the industry. It’s also Cameron’s job offer advice to Congress, the Treasury Secretary, and even the CFPB on how to improve how the student loans are done.

The Burden of Debt is Crushing

Currently in the United States, 44 million Americans owe $1.6 trillion in student loan debt. This is a major burden and a crisis that is hurting our economy as crushing our young adults who are attempting to get started in life. The last thing they need to do is to graduate tens of thousands of dollars in debt.

Studies have come out revealing that many young Americans are putting off major life decisions such as getting married, buying healthcare, starting a business, saving for retirement, and even having children. Many are choosing to move back in with their parents because they simply cannot afford to pay their student loans and live on their own.

Chairman of the Federal Reserve, Jerome Powell, testified in a hearing that the student loan crisis could cause long-term ramifications and even drag on the US economy in the future. Student loan debt has become a major talking point among 2020 presidential candidates. Warren is one of the candidates who wants to eliminate almost all of the student loan debt out there, mostly for lower income borrowers.

In Warren’s mind, appointing Cameron to the position is “mind-boggling.”

“A former PHEAA executive’s appointment to the role represents the worst form of revolving-door corruption and conflict of interest, and it epitomizes industry capture of our government. Given Mr. Cameron’s responsibility for PHEAA’s compliance with federal law, regulations, and programs, and PHEAA’s record of compliance failures, it is clear that student-loan borrowers cannot count on Mr. Cameron to uphold their interests,” she writes.

Warren then called on Secretary Mnuchin to deny Cameron’s appointment. Whether he will listen is probably doubtful.

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Trump Considered Acquiring Greenland as a U.S. Territory

Real life

According to several sources close to President Trump, he has, on more than one occasion, floated the idea of acquiring Greenland to make it a U.S. territory. Maybe it was just a joke, or perhaps it’s an idea he has regularly considered to be a realistic possibility. Either way, there’s no doubt that the real estate mogul has eyes on Greenland for many reasons. 

Currently, Greenland is a Danish territory and has been part of the Scandinavian heritage ever since Vikings first landed there over a thousand years ago. The president has asked his advisors on more than one occasion, mostly as dinner talk and in passing, what it would take for the U.S. to take Greenland under our wing. 

The advisors were said to have been listening with a certain amount of interest. Greenland has vast natural resources and is situated in an important location, so there’s geopolitical significance. It wouldn’t be a dumb idea, but whether it could actually happen is another thing. Still, Trump was said to have asked his advisors to look into the idea, so we know he’s at least semi-serious. 

Greenland’s Response

Greenland is the world’s largest island and is made up of mostly ice. It has a tiny population of just 56,000 and self-governs while being a part of the Kingdom of Denmark. Its own government makes the decision on domestic issues, but whether Greenland becomes a part of the U.S. is up to Copenhagen, Denmark, where the true seat of power is. 

Greenland’s foreign ministry made a tweet today in response to the news. They stated that Greenland is open for business, but it’s not for sale. They then went on to list all of the amazing natural resources Greenland has to offer in a bid to increase tourism and perhaps some more lucrative trade deals. 

With that being said, Greenland is an important defense partner with the United States. They have a signed treaty that goes back several decades and it allows the U.S. nearly unlimited troop access to America’s northernmost base around 750 miles above the frigid Arctic Circle. The base is Thule Air Base and houses the U.S. Air Force Space Command and others. 

The U.S. isn’t the only country trying to get a foothold into Greenland. China has also been after the country’s rich natural resources. The Trump administration has been looking at ways to prevent China from getting their talons in and taking what they want. China attempted to finance three airports in Greenland, but the Pentagon was able to block it from happening. 

Whether anyone would be able to take Greenland from Denmark is questionable, but there will certainly be an increase in attention as more countries look for better resources. 

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Trump’s MAGA Rallies Costing Cities A Lot of Money

Politics

As we gear up for the 2020 presidential election, we know one thing for sure: billions will be spent in the pursuit of the White House. One wildcard in particular, the president himself, is most likely going to lead the Democrats into spending more than they probably ever have in party history. They’re angry and desperate to get Trump out of office.

On the other side of the equation, Trump won the presidency off of his ability to go where the people are at. He’s held a lot of large rallies during his campaign and even now that he holds office. Most presidents have smaller gatherings, but Trump doesn’t do small. He likes the big rallies and brags about them on social media, even purposely inflating the numbers on several occasions.

It appears as if President Trump’s massive MAGA rallies will be going nowhere anytime soon. He is set to kick off his 2020 bid in Orlando, Florida. Many thousands of Americans have already begun waiting in line – 48 hours before the rally is even set to begin! Love him or hate him, President Trump certainly knows how to throw one heck of a rally and his supporters love it.

Not Footing the Bill

While Trump supporters have no problem waiting in long lines that stretch around the block to see their president, the cities themselves haven’t been too thrilled. Having the U.S. president visit is always an honor, even if they’re a polarizing figure. But cities are now frustrated with the president due to his inability to pay the bill his visits cost them.

As you can imagine, it costs a lot of money for a city to host any world leader. There’s traffic, police, security, fire fighters, and so much more that goes into a visit like that. According to several cities, Trump isn’t paying his MAGA rally bills. He owes over $800,000 to city governments all over the country.

El Paso alone, the place where Trump had a dueling rally against Beto O’Rourke while stumping for Ted Cruz, says Trump owes them $470,417. This is data from the Center for Public Integrity and first reported by NBC News. This is a substantial amount that the Trump administration says they’re not going to pay – and for good reason. He says El Paso’s bill is ten times higher than any other city he’s visited and he’s being unfairly targeted.

Other Cities with Unpaid Bills

While El Paso claims the largest unpaid bill, there are several others that stretch back to his campaign. Green Bay, Wisconsin, Burlington, Vermont, Tucson, Arizona, Billings, Montana, Erie, Pennsylvania, and Spokane, Washington all say Trump owes them money for their security detail and other similar matters that his visit cost the city.

Whether these cities ever see the money again is up for debate. The Democrats don’t feel as if the president is being responsible, even dinging him by making the claim that Trump is not known for paying his bills. “Let’s be honest, when does Trump ever pay his bills?” Spokane City Councilmember Kate Burke told NBC News.

California Rep. Zoe Lofgren, chairwoman of the Committee on House Administration called Trump’s actions “outrageous,” and added that “taxpayers deserve to know to what extent they are subsidizing the president’s political activities.”

The Federal Election Commission might soon have to get involved, as there are potential legal issues waiting for the president if he doesn’t comply and pay the debts that are owed. The rules state: “A political committee shall report a disputed debt … if the creditor has provided something of value to the political committee.”

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Trump Pushes Hospitals to Be More Transparent with Executive Order

Politics

In a move that might help push down some of the costs of healthcare, President Trump signed a new executive order yesterday afternoon. In it, he called for hospitals and doctor offices to be more transparent about their prices. The goal is to give patients the opportunity to shop around. If they can compare prices, it might impact where they go to receive care.

Allowing for consumers to shop around, in turn, drives down the market cost. Currently, if you needed an emergency room visit, the costs are hidden from view. You don’t know what you’re getting into until later when you receive the crazy bill. This gives hospitals a marketing advantage as they don’t feel the need to compete with other hospitals. Now they do, which will ultimately help to drive down costs.

“Hospitals will be required to publish prices that reflect what people pay for services,” said President Trump at a White House event. “You will get great pricing. Prices will come down by numbers that you wouldn’t believe. The cost of healthcare will go way, way down.”

Giving Patients Control

Businessman-turned-president understands a thing or two about competition and how to drive down costs. Yet, this executive order doesn’t tell the hospitals how it should be done. In fact, it simply directs the Department of Health and Human Services to start putting together a new policy that hospitals will later be forced to follow.

“The president knows the best way to lower costs in health care is to put patients in control by increasing choice and competition,” HHS Secretary Alex Azar said at a phone briefing for reporters Monday morning. The new rule should also “require health care providers and insurers to provide patients with information about the out-of-pocket costs they’ll face before they receive health care services,” he added.

“Today patients don’t have access to prices or choices or even ability to see quality,” said Cynthia Fisher, founder of a group called Patient Rights Advocate. “I think the exciting part of this executive order is the President and administration are really moving to put the patient in the driver’s seat and be empowered for the first time with knowledge and information.”

New Rules to Be Determined

Again, it’s unknown what rules will be written in this regard, but it’s expected to help drive down costs in five unique ways. Those ways haven’t been revealed yet, but it’s the most comprehensive package designed to lower healthcare costs, much to the frustration of the healthcare industry as a whole.

In fact, the healthcare industry is saying these changes will have the opposite effect and push prices higher.

“Publicly disclosing competitively negotiated, proprietary rates will reduce competition and push prices higher — not lower — for consumers, patients, and taxpayers,” said Matt Eyles, CEO of America’s Health Insurance Plans in a statement. He says it will perpetuate “the old days of the American health care system paying for volume over value. We know that is a formula for higher costs and worse care for everyone.”

“I’m skeptical that disclosure of health care prices will drive prices down, and could even increase prices once hospitals and doctors know what their competitors down the street are getting paid,” said Larry Levitt, senior vice president for health reform the Kaiser Family Foundation, in a tweet. 

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U.S. Pulls in $90 Billion More in Tax Revenue Under Trump’s New Tax Law

Politics

As we finish the tax cycle for 2018 and the final numbers are coming out, we get a clear picture of how the economy is improving. According to the IRS, they pulled in an additional $93 billion in tax revenue compared to 2017. You might be asking yourself how this is possible if the tax cuts really helped Americans.

In fact, most Americans did receive some type of tax cut. It largely went unnoticed. After the Tax Cuts and Jobs Act was passed, the IRS asked Americans to update withholdings to accommodate the law. Very few actually did, so they were shocked when tax time came. In a lot of cases, they ended up owing where a year before they received a refund.

That doesn’t mean the tax cuts didn’t work. It means people received more money in their pay and less was taken out for taxes than the previous year. That changes things. Refunds are simply the government paying you back for taking more of your money throughout the year than they should’ve. Yet, many were angry that their refunds were smaller.

Considering also that refunds also increased this year, there’s another reason for this growth. Most of it has to do with the stellar job market that sees a record number of Americans employed. The IRS processed 1.5% more returns than it did the previous year. That’s a lot of extra dough coming into the treasury.

Adding Up the Numbers

The total amount of gross collections towards the treasury for 2018 is $1.97 trillion. That’s up from the $1.87 trillion the year before. That’s a difference of $386 billion in additional revenue thanks to the tax cuts. Something special has to be going on for the U.S. government to cut taxes and make more money.

Large businesses paid a lot less money as well. They paid $91 billion less than in 2017, which is a significant cut. It’s obvious most of that money went right back into hiring new employees and improving the business. So far, the Democrats have largely blasted the tax cuts, saying the opposite would happen, that the deficit would only grow. Apparently, they were wrong.

Democrats Angry

Still, the Dems continued to criticize the tax cuts to try and make it seem as if they weren’t helping Americans. 40 Democrats in the Senate even tried to make it seem as if people who were surprised at their tax refund situation were getting screwed by the president’s plan.

“It looks like the Trump Treasury Department spent 2018, an election year, goosing people’s paychecks by under-withholding, and it should have been obvious that the bill would come due eventually,” Senate Finance Committee Ranking Member Ron Wyden (D-Ore.) said in a statement.

Senate Majority Leader Chuck Schumer (D-N.Y.) also hit the Trump administration over its tax policy: “Many Americans depend on their tax refund to pay bills and make ends meet – but this tax season, working families will see smaller than expected returns and surprise tax bills because the Trump administration used smoke and mirrors in a shallow attempt to exaggerate the impact of their tax law on middle class families for political reasons.

At first, refunds on average were down a staggering 17%, before slowly creeping upward and remaining relatively flat. According to the most recent statistics from the IRS, by the beginning of May, individual income tax returns on average were down 1.6% when compared to the year prior. (And as always, some states are better than others for taxpayers.)”

At least no one can now say that tax cuts don’t trickle down and help out the rest of the economy. It appears as if, at least this time, it has.

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Trump Claimed $1 Billion in Tax Losses from 1985 to 1994

Politics

As President Trump and House Democrats continue to fight over Trump’s tax returns, the New York Times released an article revealing some interesting information. According to the report, Trump lost $1 billion worth of income between 1985 and 1994. During those ten years, it allowed him to not pay any taxes.

This information came to light thanks to anonymous sources and IRS anonymized returns. During that decade, the IRS created a public study of sorts that allowed interested parties to see what the highest earners make and what they pay in taxes. Of course, that data was anonymous in nature, but the Times has a source who was able to confirm the information.

To many, this is a controversial technique to might prevent the IRS from releasing such studies in the future. The Times wasn’t supposed to be able to deduce the individuals reported in the study. That leads to President Trump fully denying that he is the person the story mentions. This story might not have been interesting in the past, but it seems as if we live in a new world.

Democrats Trying to Find Anything They Can

This information comes as House Democrats appear to be turning up the heat. They are doing what they can to investigate every single aspect of Trump’s business. They appear to be under the impression that he undoubtedly skirted by the rules somehow and didn’t pay his fair share of taxes.

It also happens to be taking place when there’s more of a spotlight on wealth inequality. Many progressives and socialists blame the rich for not paying enough. They want to increase taxes on the wealthy to pay for several programs, like free healthcare, free college education, and so much more.

Playing the System?

One statistic from the Times story that sheds light on Trump’s business tactics was his many rounds of bankruptcy. It would appear as if he was a fairly bad businessman, constantly losing out business. He claimed a billion-dollar loss during that time, but he apparently wasn’t even a billionaire to start with.

His real money didn’t start coming in until the late 1990’s and 2000’s when he was branding himself as a reality star. According to New York reporter Josh Barro, Trump is just playing the game. He reports losses to stop himself from having to pay any taxes at all.

“The primary lesson of Trump’s massive reported losses from 1985 to 1994 is not that he was a comically bad businessman,” writes Barro, “but that he was comically undertaxed.” In fact, Trump claimed more losses than anyone else in the country at that time. In 1990 and 1991 specifically, his losses were double than every other loss claim in the United States.

Trump himself would like you to believe that this was all just standard rich-guy tax sheltering, and said as much on Twitter in mid-May. Trump himself, in a very Trump fashion, called the piece a ‘hit job’ in several tweets as the story was released.

“Real estate developers in the 1980’s & 1990’s, more than 30 years ago, were entitled to massive write offs and depreciation which would, if one was actively building, show losses and tax losses in almost all cases,” he wrote.

“Much was non-monetary. Sometimes considered “tax shelter…you would get it by building, or even buying. You always wanted to show losses for tax purposes….almost all real estate developers did – and often re-negotiate with banks, it was sport. Additionally, the very old information put out is a highly inaccurate Fake News hit job!”

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Shoe Brands Unite Against Trump as Chinese Tariffs Will Hurt Business

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While President Trump is fully content putting full pressure on China for a new deal, that pressure is returned back onto U.S. businesses. Tariffs hurt everyone. They make everyday products we buy and sell much more expensive. In that way, tariffs are taxes. Both the Chinese and U.S. citizens are feeling the crunch as this trade war continues between the two largest economic powers the world has ever seen.

One industry reeling from this latest round of tariffs are shoe companies. They feel as if adding a 25% tariff on footwear to the $300 billion worth of Chinese goods is ‘catastrophic’. So, 170 footwear companies got together and wrote a letter to the president to convince him not to add their products to the list.  

“As leading American footwear companies, brands and retailers, with hundreds of thousands of employees across the U.S., we write to ask that you immediately remove footwear from the most recent Section 301 list published by the United States Trade Representative on May 13, 2019. The proposed additional tariff of 25 percent on footwear would be catastrophic for our consumers, our companies, and the American economy as a whole,” the letter states.

Tit for Tat Trade War

As President Trump threatened to increase more tariffs after China wasn’t giving in to his trade deal, China decided to retaliate. They stuck $60 billion worth of U.S. goods with a tariff on their own. Both sides escalating each other is even worse news for consumers. These tariffs are set to take place on June 1st.

Some of the big names who signed the letter include Nike, Adidas, Under Armour, and Crocs. New Balance was one big name absent from the letter, as it’s believed their CEO is a Trump supporter. In the letter, these companies point out that the tariffs will hit hardest the most vulnerable consumers in the country.

“High footwear tariff rates fall disproportionately on working class individuals and families. While U.S. tariffs on all consumer goods average just 1.9 percent, they average 11.3 percent for footwear and reach rates as high as 67.5 percent. Adding a 25 percent tax increase on top of these tariffs would mean some working American families could pay a nearly 100 percent duty on their shoes. This is unfathomable,” the letter continued.

Made in China

It’s estimated that nearly 84% of all footwear sold in the United States is made in China. That means the entire footwear industry is set pay a heavy price. But one can already see President Trump’s response to the letter. He already told the steel and auto industries to make more products in the United States.

Relying on foreign companies to make cheap products is not his path to economic superiority or a way to create more U.S. jobs. That means Trump is less likely to give in to the demands by these shoe companies to exempt them from the tariff list. The economic impact is currently unknown, but everyone is hoping the two countries sign a new trade deal quickly.

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Trump Wants to Take Pell Grant Money to Give NASA a Funding Boost

Politics

President Donald Trump is looking to give NASA’s budget a boost, including a new plan to send Americans back to the moon by 2024. In order to afford this boost without putting it in a new budget, is to take money from other programs. More notably, Trump wants to take money from the Pell Grant funds, about $1.6 billion, to give it to the space program.

This new budget amendment also looks slash money from the Special Olympics and other beloved programs to make this happen. He tweeted on Monday that NASA needs more cash so the U.S. can “return to space in a BIG WAY!” Of course, he has a long way to go before getting this money approved. It has to be approved by Congress.

Congress might use the opportunity to attack Trump for his lack of concern over education. Of course, he only wants to use the $1.6 billion that goes unused every year. He calls it a ‘waste’ and ‘unnecessary spending.’ White House officials said this would not impact the students currently receiving Pell Grant money.

“This does not cut any spending for Pell Grant programs as the budget continues to ensure all students will get their full Pell Grant and keeps the program on sound fiscal footing,” Office of Management and Budget spokesman Wesley Denton said in a statement.

Pell Grant Enrollment Down

Over the past decade, the number of people who enroll in the Pell Grant scholarship has had a steep decline. Potential applicants feel the process takes too much time to get approved. Instead, they rely on fully guaranteed federal student loans to pay for college. This is a move that has skyrocketed the student loan debt problem in this country.

Still, President Trump seems fully committed to getting the space program back into action. He’s looking for any and every way to give NASA a funding boost. He has promised that the U.S. will once again be at the forefront of a new era of space exploration. “Under my Administration, we are restoring @NASA to greatness and we are going back to the Moon, then Mars,” he wrote.

Vice President Mike Pence is also on board, saying he wants to see astronauts on the moon within the next five years. To make that happen, they will employ ‘any means necessary’, including pulling money from other budgets. It’s a great time to get public interest back on board, as this summer is the 50th anniversary of the first moon landing.

Changing His Mind

The president has made promises to cut spending, but after proposing his own budget cuts, seems to change his mind. He’s now reversed several budget cuts, including the 90% cut he was going to make to the Great Lakes Restoration Initiative. He also called for a $17.6 million cut in funding for the Special Olympics, but thankfully changed his mind after massive criticism.

Trump tweeted Monday that he had “officially updated my budget to include $18 million for our GREAT @SpecialOlympics, whose athletes inspire us and make our Nation so PROUD!” Either way, it looks like America is headed back into space, regardless of how Trump plans to pay for it.

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As Trump Increases Chinese Tariffs, Here’s What It Means for Us

Politics

The midnight deadline for the U.S. and China to create a new trade agreement has come and gone. While the trade talks continue, they still didn’t stop new increased tariffs from hitting. What was once a 10% tariff on $200 billion worth of Chinese exports magically turned into a 25% tax.

China isn’t taking this situation lightly. They’ve already vowed to retaliate if a new deal isn’t struck soon. As you can imagine, these tariffs are hurting the Chinese economy. President Trump feels as if China has a major advantage over the U.S. They have what he calls a “very big imbalance” where they make a lot of money off of us and we make very little in return.

President Trump made his comments in several tweets:

“Talks with China continue in a very congenial manner – there is absolutely no need to rush – as Tariffs are NOW being paid to the United States by China of 25% on 250 Billion Dollars’ worth of goods & products. These massive payments go directly to the Treasury of the U.S. The process has begun to place additional Tariffs at 25% on the remaining 325 Billion Dollars. The U.S. only sells China approximately 100 Billion Dollars of goods & products, a very big imbalance.”

How this Impacts Us

While Trump says he’s in “no rush” to get a new trade deal done, it doesn’t just hurt the Chinese economy. The U.S. economy is being threatened as well. This is especially true if China keeps its promise to retaliate in the same manner. That means many products we buy every single day are about to become much more expensive.

“China deeply regrets that it will have to take necessary countermeasures,” China’s Commerce Ministry said in a statement. Still, we might not see the weight of this change for a few more weeks. It will take about three weeks for the products currently sitting on Chinese freighters to make it over this way. It won’t be an immediate change.

What kind of impact can we expect? The largest bulk of the tariffs are on electronics, machinery, and car parts. They also extend into everyday products, like toilet paper, orange juice, clothing, iPhones, computers, and more. The president remains optimistic that this will be a good thing for the country and our economy.

“Tariffs will make our Country MUCH STRONGER, not weaker. Just sit back and watch! In the meantime, China should not renegotiate deals with the U.S. at the last minute. This is not the Obama Administration, or the Administration of Sleepy Joe, who let China get away with ‘murder!'” he tweeted.

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4 Facts You Should Know About Student Loan Forgiveness

Student Loan Consolidation

Sure, everyone who takes out student loans would love to be awarded complete student loan forgiveness. Just one wave of the magic wand by someone sitting in a federal office, and POOF! The loan is gone. But sadly, most people misunderstand what it takes to get there. Not everyone can apply and the rules are strict.

So, the first thing about getting a student loan is you need to be prepared to spend at least the next decade of your life paying it back. Depending on the amount you owe, monthly payments are about as expensive as a cheap apartment rental. For this reason, a large percentage of people default on their student loans.

In fact, but 2023, it’s estimated that 40% of borrowers will default on their loans. As the amount of debt surpasses $1.5 trillion and climbing, student loan forgiveness is the only hope a lot of Americans have. If that sounds like you, here are four facts you could consider:

1) Student Loan Forgiveness Takes A LOT of Time

Barring a fraudulent case, you’re not going to apply for forgiveness and get it granted within a few months’ time. There are even a lot of stipulations and conditions to receive it. Currently, there are three programs that offer it: PAYE, REPAYE, and Public Service Loan Forgiveness.

With the Public Service Loan Forgiveness plan, it’s a 10-year process. Therefore, you have to be a federal, state, or local service worker who makes regular (around 120) payments over a ten-year period to qualify.

PAYE (or Pay As You Earn) is a 20-year program for student loan forgiveness. This is more income-driven. There’s a revised (REPAYE) program that can take up to 25 years. These programs help former students pay less each month based upon their income. At the end of the day, they might not be worth the trouble.

2) Good Chance Your Balance Will Increase

Getting on a student loan forgiveness program might be helpful for a lot of students. They can pay lower monthly payments, but there’s a reason why it can take as long as 25 years. Accruing interest is the major killer here. The interest doesn’t stop accumulating and will likely grow your balance.

http://financialhelpers.com/how-volunteer-work-can-help-pay-back-student-loans/

Every year, you have to re-certify your income. If you get a new job, a raise, or if your income changes under any circumstances, it can boot you out of the repayment program. You can even eventually take longer to repay than you would’ve done if you hadn’t joined the program. There are a lot of different scenarios to consider.

3) Student Loan Forgiveness Dollars Become Tax Debt

At the end of the day, you will have to pay off your debt. Any student loan forgiveness you receive only changes from loan debt to tax debt. That’s because the IRS still counts the amount forgiven as income you’ll have to pay taxes on. If you’re disabled or under the Public Service Loan Forgiveness program, this doesn’t apply to you.

4) The Future is Wide Open

Here at Financial Helpers, we’ve been regularly offering updates to the student loan forgiveness program. Each administration seems to have a different idea on the best way to offer help to students. The Obama administration created a lot of these programs at the height of the debt crisis, but the Trump administration seems to be more interested in protecting banks.

We recently reported that Betsy DeVos, the education secretary, was in favor of a tiered forgiveness program based on income. A federal judge ruled against her just last week. With this being said, there are a variety of different ways to pay off student loans quicker. There’s refinancing, repayment, and consolidation.

To learn more about your options and what plan works the best for you, call Financial Helpers today. We’ve love to hear from you. Our team of student loan debt experts is ready to assist in creating a plan around your budget and needs. You can call us at:

Call Now 844-332-2079

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