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By Center for Economic and Policy Research
Photos: YouTube Screenshots
Washington, DC — If a new Trump administration comes to power, they are likely to heed a proposal from the conservative guidebook, the Mandate for Leadership, that demands “there should be no loan forgiveness.” Such a policy would further indebt those students seeking economic security through higher education.
In a new analysis, CEPR’s Alex Richwine and Algernon Austin compare the track records of the Biden and Trump administrations to speculate about what policies indebted students could face if Trump comes to power.
Despite the Supreme Court striking down a proposal to cancel over $400 billion in federal student debt in 2021, the Biden administration has pursued other ways to administer the most student debt forgiveness of any presidential administration. Student debt relief brings significant benefits to groups facing social and economic disadvantages.
“The crisis of student debt is restraining many hardworking Americans from economic prosperity. Early indications and past experience tell us a second Trump administration would allow this crisis to worsen,” said Austin.
