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Millions may benefit from Trump’s student loan plan proposal

A December 14 article of Forbes revealed millions of people struggling to repay their student loan debts are expected to benefit from the proposal of president-elect Donald Trump.

A month before the presidential election, Trump said in Ohio that student loan debts should not be a lifetime burden to people and students should not be subject to debt that is impossible to repay. Trump is proposing a limit on the monthly payments to 12.5 percent of the borrowers’ income. Any remaining debt of the borrower would be forgiven after paying monthly dues for 15 years. The government currently allows students pay their debts for 10 years, and repayment plans are offered to them if they experience hardships in settling their monthly dues.

The Birmingham attorneys at Greenway Bankruptcy Law, LLC are knowledgeable about the student loan law and want to assist individuals who are struggling to pay off their debt. If you are experiencing financial difficulties, we may be able to offer solutions to help you. Learn more about your options from us today by calling (205) 324-4000.

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Greenway Bankruptcy Law, LLC
505 20th St N #1220
Birmingham, AL, 35203
Phone: (205) 324-4000
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Greenway Bankruptcy Law, LLC All rights reserved. We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code. The following language is required pursuant to Rule 7.2, Alabama Rules of Professional Conduct. No representation is made that the quality of legal services to be performed is greater than the quality of legal services performed by other lawyers. This web site is designed for general information only. The information presented at this site should not be construed to be formal legal advice nor the formation of a lawyer/client relationship.

Greenway Bankruptcy Law, LLC 505 20th St N #1220, Birmingham, AL, 35203 | Phone Number: (205) 324-4000 |  Directions | Paula Greenway+