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.

  • CileTheSane
    1·
    3 days ago

    The degree is a pass

    That’s a pretty fucked up system then. You have to go into a lifetime of debt and spend years of your life just to get a pass which only provides the ability to apply for specific jobs and nothing else. Sounds like a broken system that doesn’t deserve to exist the way it currently does.