Trump can vastly affect student loan debt with these possible changes

For Americans under the age of 30as well as a good number of older peopleone of the most important political issues doesnt involve immigration, national defenseor even taxes.It is, instead, something a bit more personal: student debt.With the amount of student debt rising and many former students struggling with how to deal with the amount of money they owe, politicians fromboth parties have tried to attract young voters by taking on this issue.With President Donald Trump now in office, heres what you need to know about the new presidents plan to tackle to student debt problem.Trump supported a pretty liberal plan during the campaignIn October 2016, Trump proposed a plan that would cap the total repayment for federal student loan holders to around 12.5% of the borrower's income for 15 years after graduation. After that, the loan would be forgiven. Students should not be asked to pay more on the debt than they can afford, Trump said, according to the Washington Post. And the debt should not be an albatross around their necks for the rest of their lives.Public service loan forgiveness could changeCurrently, college graduates who go into a public service field including some doctors and lawyers may beable to receive loan forgiveness. That system could beredefined or even completely cancelled under the Trump administration.Trump mayface opposition on the HillEven if you're in favor of the thingsTrump is proposing, dont get yourhopes up just yet. Theres a decent chance any of these proposals would face struggles with Congress. Many Republicans dont like plans that include too much loan forgiveness, as it flies in the face of the fiscal conservatism they espouse.And some progressive congressmenthose of the Bernie Sanders moldmayfeel the plans dont go far enough toward making college affordable for lower-income families.Join the conversation about this storyNOW WATCH: People with these personality traits have more and better sex
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