The United States is divided when it comes to their views regarding Donald Trump being the 45th president of the country. Many are saying that a lot of aspects will be affected when Donald Trump officially begins his presidency and education is expected to be greatly affected negatively and positively.
As per the statements of Donald Trump during his campaign, he had proposals concerning education and present college students, future students and the families of these students might be affected greatly. MTime Money reported that in the past, some advisers of president-elect Donald Trump floated ideas that will affect student loans.
One of Trump's proposals is the privatization, where borrowing money will be from banks, credit unions or other lenders instead of the usual borrowing from the federal government. Another proposed idea is risk-sharing. Donald Trump supporters and advisers want to require colleges to also share the financial risk of student loans.
Student loan repayment plans are also expected to be overhauled. As per president-elect Donald Trump's speech in October, he said that payment plans will be equated to how much a person earns. He proposed that 12.5 percent of the income of a person will be given to the loan for a period of 15 years. Whatever is left will be forgiven.
Donald Trump also promised lowering college costs. He said that he will push colleges to cut tuition via reducing the federal regulations on these institutions so they won't have to spend as much on compliance. The savings can then help the students as their tuition could be lowered.
One of Donald Trump's proposals, however, was viewed negatively after he strongly advocated the idea of shutting down the Department of Education, The Atlantic reported. Aside from the 70-year-old real estate mogul, Marco Rubio, Rick Perry and Ted Cruz promised the same thing.
It is yet to be seen what Donald Trump plans to implement when it comes to the U.S. education system. He officially sits as the nation's newest and 45th president in January 2017.
