How Donald Trump’s Next Presidency May Affect Student Loan Borrowers
Friday, 8 November 2024, 18:37
Potential Impacts on Student Loan Borrowers Under Donald Trump
As Donald Trump prepares for his next term, the landscape for student loan borrowers could shift dramatically.
1. Changes in Repayment Options
- Standard Repayment Plans may become less accessible.
- Income-Driven Repayment (IDR) plans could undergo revisions.
2. Interest Rate Variability
The government might revise interest rates, impacting monthly payments for borrowers.
3. Loan Forgiveness Programs
- Public Service Loan Forgiveness (PSLF) may face stricter eligibility criteria.
- Borrowers should be aware of possible changes in policy that could alter the benefits of this program.
For more details on the implications of these potential changes, please visit the source.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.