Trump Budget: Student LoansThe White House released Trump's 2020 budget proposal, which contains important implications for higher education and student loans. Therefore, if you borrow or have borrowed a student loan prior to that date, you would presumably still be eligible for this student loan forgiveness program. Undergraduate student loans: Monthly student loan payments would be capped at 12.5% of income. Graduate student loans: Monthly student loans payments would be capped at 12.5% of income. Undergraduate student loan borrowers can receive student loan forgiveness sooner, while graduate student loan borrowers would wait longer for student loan forgiveness.
Source: Forbes March 12, 2019 12:32 UTC