Will Trump Try to End the Public Service Loan Forgiveness Program?

Published On Nov 14, 2024, 10:57 AM

The article discusses concerns regarding the future of the Public Service Loan Forgiveness (PSLF) program under President-elect Donald J. Trump. While Trump has previously suggested ending the program, the article notes that it would require his desire to do so, as well as congressional support and legislative action. Currently, there are about 2 million borrowers who rely on the program for student loan forgiveness, which amounts to approximately $182 billion at risk if the program is terminated.

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The concerns surrounding the potential termination of the PSLF program can negatively impact companies associated with higher education and student loans, as fewer individuals may pursue careers in public service if the financial burden remains. Additionally, any legislative moves that threaten the program could lead to market volatility in education-related sectors.

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