President-elect Trump could do away with his predecessor’s years-long efforts to erase student debt.
The big picture: Trump has repeatedly bashed the Biden administration’s student loan forgiveness plans but has not said how he would handle the mounting debt in another White House term.
The PSLF is about to go back into a state where they deny as many applications as possible for any reason they can find, just like they did when borrowers first became eligible in 2017 under Trump’s Secretary of Ed.
The executive discretion derived relief programs under suit are gone immediately.
The new bankruptcy guidelines that have dramitically improved access to relief that way are gone too.
If you’re buried in student loan debt, prepare to have another truck dumped on you.
Yeah, but Trump makes me feel better about the economy /s