The future ofstudent loan forgivenessand repayment programs could hinge on whoever wins the presidency this November.
Vice President Kamala Harris and former President Donald Trump have laid out disparate visions for federal student loan programs.
That leaves many borrowers in limbo, placing their loans in aninterest-free forbearance.
“Historically, Republicans have opposed forgiveness of all kinds,” said Kantrowitz.
Experts don’t expect a Trump-led DOJ to continue defending the SAVE plan.
What about Project 2025?
Trump publicly denies having anything to do with Project 2025, most recently during the Sep. 10 debate.
“And there seems to be great alignment with his policies and proposals.”
If Project 2025 proposals were implemented, experts are uncertain how quickly or effectively these changes could happen.
Experts also point out that borrowers currently benefiting from repayment and forgiveness programs likely wouldn’t lose them.
Experts said that it seems unlikely that this could be fully accomplished in the next term.
What can students and parents do now to prepare?
Rubin suggests preparing for the worst-case scenario.
Rubin warns against making borrowing decisions based on anticipated forgiveness, regardless of who wins in November.
Wherever you land on the topic, Rubin stresses the importance of voting.
Read more:These Student Loan Benefits Expire in 2 Days.
Here’s What Borrowers Should Do Now
