Trump’s Actions on Student Debt Spark Anger, Fears of Economic Setback
Following changes to the Save plan under the Trump administration, many borrowers are feeling the financial strain of resumed loan interest and increased monthly payments. Faith, a 33-year-old, and Jennifer, a 34-year-old, are among those now facing difficult choices, with some, like Jennifer, needing to seek financial help. Others, such as Sedona, a 30-year-old lawyer, are staying in the plan, even with the added interest, struggling to balance debt with basic living expenses. Chris, 46, is also staying in the Save plan, managing his debt and other expenses. Many of those impacted feel the changes are hindering their financial progress and long-term goals.
John Q. Hosedrinker