The most important Trump proposal you missed so far this year:
. The White House is proposing additional adoption of “prior learning assessments,” which take into account prior work, military, and educational experience students may have gained before college and applying academic credit. This way someone with four years of military service could potentially graduate from college earlier, testing out of some required academic credits.
Proposals from the White House don’t actually do anything by themselves. They signal the Legislative Branch that the Executive Branch is looking to move in a particular direction. In this case the Trump administration, knowing that there is bipartisan support for education financing reform, could use a legislative win besides the Tax Cuts & Jobs Act. Education financing reforms follows up on a number of campaign promises and allusions the Trump campaign made in 2016.
The modifications to 529 plans would address one of the primary complaints impacting 529 plans today: That they currently cannot be used to pay back student loans. Many families take the loans even though they have savings in a 529 account because they believe the amount may be insufficient to cover the cost of college.
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