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Will yourstudent loansbe forgiven?
Will the interest go up?
Additionally, President Biden has outlined more plans that would continue to cancel student debt for more people.
Joe Biden has signaled support for canceling up to $10,000 in federal student loan debt per borrower.
Because of this, for some borrowers, their monthly student loan payment can be very low.
Warren said that Biden might build on these plans to ease the loan burden for those with lower incomes.
Then, you could apply to have the remainder of your loan forgiven.
Student Loans Under Trump
If Trump wins, here are the possibilities.
Loan Repayment Simplification
Warren said how borrowers pay off their loans could become more consolidated.
Warren said that, if reelected, Trump could continue to support trade education in lieu of undergraduate college.
This means borrowers with private loans might see changes in interest rates depending on what happens with federal loans.
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