With President Joe Biden exiting the presidential race, one of the questions borrowers may have is about the future of student loan forgiveness. Jennifer Finetti, ScholarshipOwl's Director of Student Advocacy, joins Wealth! to discuss the potential implications for borrowers.
While Finetti is cautious about assuming that current Vice President Kamala Harris will adopt the exact same approach to relief as the Biden Administration, she believes "student loan forgiveness will be something that is part of her platform." Given the ongoing legal challenges surrounding student loan forgiveness, Finetti anticipates Harris may "moderate the plans somewhat" to navigate these complexities.
In contrast, if a Trump-JD Vance ticket were to win the election, the outlook for borrowers could change dramatically. Finetti notes that Trump "is not for student loan forgiveness" and plans to eliminate the Department of Education.
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This post was written by Angel Smith