Trump's 'big beautiful bill' created a new student loan repayment plan: Here's what borrowers need to know
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最新报道：Former President Donald Trump unveiled a new student loan proposal called the "Big Beautiful Bill," promising to eliminate federal student debt for borrowers earning under $200,000 annually. The plan, announced at a rally in Michigan, would replace existing repayment programs with a 10-year fixed repayment term capped at 12.5% of discretionary income. Trump criticized current forgiveness programs as "too complicated" and claimed his simplified approach would benefit 45 million Americans. The proposal faces skepticism from economists who question its $1.2 trillion estimated cost and potential inflationary effects. Education Secretary Miguel Cardona dismissed the plan as "political theater," noting Congress would need to approve major changes to student loan systems.
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