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Concerns Grow Over Student Debt Relief as Trump Prepares to Take Office

share-iconSunday, December 29 comment-icon3 weeks ago 10 views
News sources:
theguardianTHEGUARDIAN
Concerns Grow Over Student Debt Relief as Trump Prepares to Take Office

Credited from: THEGUARDIAN

  • Joe Biden's administration aimed to cancel student debt for millions, but his efforts faced substantial legal challenges.
  • Many borrowers, like Mary Ann Rockwell, are anxious about losing their relief options as Trump, who opposes such measures, prepares to take office.
  • Under Trump's previous administration, 99% of Public Service Loan Forgiveness applicants were denied, causing student debt to rise.
  • Concerns from borrowers like Sarah Babcock highlight the increasing stress and potential bankruptcy due to mounting debt.
  • Experts predict that existing relief programs may be scaled back or eliminated under Trump’s leadership, worsening the situation for struggling borrowers.

You can read more in the original article.

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