Americans struggling with student debt expect ‘much worse’ under Trump

www.theguardian.com

cross-posted to:
economy

271

Americans struggling with student debt expect ‘much worse’ under Trump

www.theguardian.com

@MicroWave to

politics English • 5 days ago

cross-posted to:
economy

Biden’s loan forgiveness efforts have faced major resistance, but people are bracing for worse under president-elect

Summary

Student loan borrowers fear worsened conditions under Donald Trump, who has criticized debt relief and oversaw a 99% rejection rate for Public Service Loan Forgiveness (PSLF) during his first term.

Many borrowers remain in limbo awaiting forgiveness, while others struggle with ballooning debt despite decades of payments.

Borrowers expect Trump to scale back or eliminate relief programs initiated by Joe Biden, which have forgiven $166.5 billion in loans.

Critics highlight flaws in the existing system, calling it a “nightmare” for those seeking relief.

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@werefreeatlast
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2•4 days ago
Instead of breadlines we’ll have people forced yo line up to be searched for personal processions to contribute to the economy with.

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