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.
Don’t need an article as it’s never going to happen. Free handouts to Trump’s billionaire buddies is what’s on the menu now.
Which total up to more than student loans. (probably)
Definitely
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 dramatically 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
has not said how he would handle the mounting debt in another White House term.
Yes he has. By dumping more debt on them. He’s already stated his plans to reinstate the debt and add retroactive interest. Tarriffs are going to make prices skyrocket, and then God knows what Elon Musk is going to come up with, but even he said it wasn’t going to be good.
Our children will be paying for all of this for decades to come.
Elon’s going to get a shot at balancing the government’s budget. And I’m sure his approach will be similar to the way he handled Tesla’s budget. You know, gotta make deep cuts and lay off as many people as possible, while granting himself a bonus large enough to cover those jobs for decades.
He’s already stated his plans to reinstate the debt and add retroactive interest.
When and where did he say that?
I would not be in the least not surprised if Trump and co renewed the forgiven loans and added interest.
That’s probably the only thing I can’t really imagine.