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.

  • Alph4d0g
    129·
    6 days ago

    Biden screwed the pooch on this one. Don’t promise something like this that you can’t - or know you won’t - deliver.

    “But he thought he could and met with unanticipated partisan resistance”, you say.

    Really? You surround yourself with the smartest, Ivy League educated staff and cabinet picks and none of them anticipated that and/ or alerted you to the eventual legal and political roadblocks.

    Not buying it. Almost impossible that this outcome was not predicted.

    Add the reversal of bodily autonomy, the expiration of the child tax credit and a host of quality of life downgrades and you’re losing voters.

    • TrickDacy@lemmy.world
      72·
      6 days ago

      I believe abortion should be legal. Guess I have to vote Republican from now on.

      Yep sounds reasonable

    • CileTheSane@lemmy.ca
      41·
      5 days ago

      Borrowers expect Trump to scale back or eliminate relief programs

      “Why would Biden do this?”