Take action to block Trump’s education budget.

 Reject Trump’s Education Budget 

We can’t stop there! Follow these action steps.

 Step 1: Send a Message 

The Trump administration’s education budge is the final nail in the coffin for current, former and future students. Since Trump appointed Betsy DeVos to lead the Education Department, the two billionaires have unleashed a destructive student loan agenda that harms working- and middle-class families. They increased fees for borrowers who are behind on their payments. They opened the door for predatory student loan companies to access lucrative federal contracts. They even threatened the acceptance letters of public servants who were promised loan forgiveness. Now, Trump wants to go even further.

✖︎ ENDS the Public Service Loan Forgiveness program. There are over 550,000 borrowers who have already applied for the program. 

✖︎ ELIMINATES $3.9 billion from the Pell Grant fund that helps low-income students pay for college.

✖︎ ELIMINATES subsidized loans that allow currently enrolled students to lower interest costs.

✖︎ ELIMINATES Perkins Loans offered to students with financial needs.

✖︎ REPLACES existing income-driven repayment plans with a new program, created by Trump, that significantly increases costs for graduate students.

 Step 2: Call Congress 

“I am calling to ask my members of Congress to vote “NO” on the Trump-DeVos education budget. The cuts proposed for the department of education do nothing to help resolve the $1.4 trillion student debt crisis in this country – it makes it worse. Severe cuts to the Pell surplus, Perkins loans, and work-study financially harm disadvantaged students.

Eliminating Public Service Loan Forgiveness betrays public employees who give back to our country. Making Income-Driven Repayment programs less generous does little to help those of us paying back our loans. All this, and giving money to loan servicing companies, like Navient, who profit off the student debt crisis, shows that our best interests are not being prioritized.”

Tell Congress to REJECT Trump’s Budget.

Dial: 1-855-764-1010

 Step 3: Share Your Story 

Verification Captcha

By all measures I had success with my student loans. I graduated grad school in 1997 owing about $92,000. I deferred the loans for a couple years, then went into repayment mode after consolidating them into a 30 year $650/mo payment schedule. This was about 1999 and I was about 30 years old. My student loan was higher than my rent. Early on, there were times I had to use payday loan services to buy food and pawn shops for the same.

I paid off those students loans last year, about 13 years early, which may sound like a success except the way I did was by throwing every extra penny I got into those loans instead of the economy. I bought my last new car in 1995. I bought my first house at the age of 45. Throughout all of those years, money I would have spent in the local economy on durable consumer goods/house supporting ALL the jobs those industries create, got nothing from me because Sallie Mae took it all.

There is a ripple effect that comes from crippling student loan debt -- even if a person is able to personally overcome the loans, it means he or she is not spending money in a way the generates work for other people -- the debtor is just making the banking class richer as they leach wealth and income out of the economy.

Even though I won't directly personally benefit from solving the student debt crisis, I wholeheartedly support any means to fix the problem. Our entire labor market depends on people being able to afford certain high value items (cars, homes, appliances, computers, etc.) and the student loan crisis poses a salient threat to that labor market by siphoning off any semblance of disposable income into the pockets of organizations that generate nothing of any utilitarian value -- just useless profit for the 0.01%.

PBW    July 21, 2017   

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