As president, Trump called for the elimination of the Education Department's debt relief programs, including the popular Public Service Loan Forgiveness initiative, which benefits public employees such as members of the U.S. Armed Forces, first responders, public defenders, prosecutors and teachers.
"Trump will undo President Biden's student loan forgiveness proposals," said higher education expert Mark Kantrowitz."He will relax rules on for-profit colleges, as part of deregulation efforts, and propose cuts, including possibly defunding the U.S. Department of Education." Cody Gude, a social media consultant in Tampa, Florida, said he expects if Trump wins it will become more difficult and expensive for him to pay back his student loan debt of about $34,000.Gude said he was upset that Florida joined the lawsuit against the SAVE plan. He said he was looking forward to his student loan bill decreasing in July so he wouldn't have to deliver groceries through Instacart anymore in addition to his regular job.
Elaine Parker, president of the Job Creators Network Foundation, a conservative advocacy group, said Biden was only forgiving student debt in an effort to buy votes. , one of the biggest sources of financial aid available to college students, as well as federal student loans and work study opportunities, he said.Meanwhile, transferring student lending from the government to private companies would only hurt consumers and worsen the crisis, said Aissa Canchola-Banez, political director at Protect Borrowers Action.
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