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.
Most people dont know what the terms mean, let alone the terms on their actual loan. When i bought my new car, i paid less than $300 in total interest across the 4 year loan. Understanding those financial terms is so beneficial. We really need to teach it better to high schoolers
Very good point. I was fortunate enough to take a finance class in high school and be very vigilant, so theres some privledge there.
I think its been said like 1/3 people aren’t financially literate both in US and globally in general.