Joe Biden’s efforts on the relief of student loan debt often did not generate the main titles, but for the Democratic White House, the question was an inner priority. As regular readers know, however, some of the efforts of democratic administration have been more effective than others.
The problem was not a lack of effort: Biden would have done much more, without the fierce decline of the Republicans and the judges appointed by the GOP. The results led to a strange impetus of Donald Trump, who said during the 2024 campaign season that the Democratic White House was “All speak, and no action” On the issue of student loans debt.
This did not make sense – Biden and his team took as many actions as possible under the law – but the candidate of the time seemed to convince young voters not to support the Democratic ticket because the Republicans had managed to derail some of the efforts of the Biden administration on student loans.
This messages and related messages were surprisingly successful: the far right ticket of the GOP made significant and unexpected gains With voters under 30 last fall.
Almost nine months after the 2024 school day, the republican administration does not seem particularly wishing to reimburse the favor. On the contrary, as The New York Times reportedTrump and his team take new measures to worsen the lives of student loans.
The US education department said on Wednesday that it would resume interest on August 1 in federal student loans held by nearly eight million borrowers in the reimbursement plan of the Biden era known as the safeguard, which was in limbo after having been interrupted by legal challenges. The change is likely to take borrowers by surprise, which only gives them weeks to consider their options at a time when loan agents face significant arrears in the processing of requests for reimbursement plan.
A related report Washington Post said: “A analysis By the defense group of the Defense group of students Borrower Protection Center estimates that an average borrower affected by the change of policy could lead to more than $ 3,500 in interest costs in one year or around $ 300 per month. »»
To worsen things, with regard to the landscape of student loans, it is not the only relevant development recently. The New York Times reported last week On the importance of GOP’s domestic policy policy and insofar as it is likely to make higher education less affordable.
The republican bill on the internal policy that eliminated Congress Thursday has large -scale implications for colleges and students, and could make attendance of colleges less accessible, said higher education leaders. The bill would broaden the tax on the allocations that universities use for financial aid, would make the protections of student loans go back and cap the amount that students can borrow for higher education programs.
NBC News ran A related reportNoting: “A provision nestled in a radical bill signed by President Donald Trump last week will make it more difficult for thousands of budding doctors to finance their education while the country faces a growing shortage in this profession.”
When you make voters lists feeling the buyer’s remorse in 2025, it is probably wise to turn to some of the young adults who thought it would be a good idea to return Trump in power in 2024.
This message updates our Apparently previous coverage.