President Donald Trump is looking to end a popular student loan forgiveness program for the fourth time in a row.
The program allows public sector workers like teachers, nurses and social workers to apply for loan forgiveness after making payments for ten years.
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Student loan forgiveness program has denied 99 percent of applications despite $700 million from Congress, report says
President George W. Bush signed the program into law in 2007, making 2017 the first year that people could apply. About 1% of applicants have received loan forgiveness.
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The president's planned cut is part of a White House budget proposal for the 2021 fiscal year. Congress has never approved Trump's previous efforts to cut the program - and it's unlikely to this time.