{"id":71724,"date":"2020-09-21T11:57:45","date_gmt":"2020-09-21T08:57:45","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/where-do-biden-and-trump-stand-on-student-loans\/"},"modified":"2020-09-21T11:57:45","modified_gmt":"2020-09-21T08:57:45","slug":"where-do-biden-and-trump-stand-on-student-loans","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/where-do-biden-and-trump-stand-on-student-loans\/","title":{"rendered":"#\n  Where do Biden and Trump stand on student loans?"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a49642d7b909\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a49642d7b909\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/where-do-biden-and-trump-stand-on-student-loans\/#Some_ideas_are_taking_root_regardless_of_who_wins\" >Some ideas are taking root, regardless of who wins<\/a><ul class='ez-toc-list-level-6' ><li class='ez-toc-heading-level-6'><ul class='ez-toc-list-level-6' ><li class='ez-toc-heading-level-6'><ul class='ez-toc-list-level-6' ><li class='ez-toc-heading-level-6'><ul class='ez-toc-list-level-6' ><li class='ez-toc-heading-level-6'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/where-do-biden-and-trump-stand-on-student-loans\/#Likely_Revised_income-driven_repayment_plans\" >Likely: Revised income-driven repayment plans<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-6'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/where-do-biden-and-trump-stand-on-student-loans\/#Possible_Federal_loan_and_Pell_grant_changes\" >Possible: Federal loan and Pell grant changes<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-6'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/buradabiliyorum.com\/en\/where-do-biden-and-trump-stand-on-student-loans\/#Uncertain_More_student_loan_forgiveness\" >Uncertain: More student loan forgiveness<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-6'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/buradabiliyorum.com\/en\/where-do-biden-and-trump-stand-on-student-loans\/#Long_shot_Tuition-free_college\" >Long shot: Tuition-free college<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-6'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/buradabiliyorum.com\/en\/where-do-biden-and-trump-stand-on-student-loans\/#More_from_NerdWallet\" >More from NerdWallet:<\/a><\/li><\/ul><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/buradabiliyorum.com\/en\/where-do-biden-and-trump-stand-on-student-loans\/#Anna_Helhoski\" >Anna Helhoski<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong>#<br \/>\n  Where do Biden and Trump stand on student loans?<br \/>\n<\/strong>&#8221;<\/p>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/watch-movies-tv-seriess\/\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Watch Movies &amp; TV Series\" target=\"_blank\" rel=\"noopener\">watch Movies<\/a> or TV series visit the <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/dizi.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Dizi.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<h2 class=\"article__subhead\" itemprop=\"alternativeHeadline\"><span class=\"ez-toc-section\" id=\"Some_ideas_are_taking_root_regardless_of_who_wins\"><\/span>\n  Some ideas are taking root, regardless of who wins<br \/>\n<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><\/p>\n<div class=\"column column--full article__content\">\n<div id=\"js-article__body\" class=\"article__body article-wrap at16-col16 barrons-article-wrap\" itemprop=\"articleBody\" data-sbid=\"F76544D4-F9C6-11EA-AC68-F18E0D3DC590\">\n<div class=\"barrons-article-ad-wrapper\">\n<div data-track=\"barrons-article-ad-wrap\" class=\"barrons-article-ad sticky_item\">\n<div class=\"barrons-main-article-ad-target sticky_target body_ad\" aria-hidden=\"true\"><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p class=\"editorcomment\">This <a rel=\"nofollow noopener noreferrer\" target=\"_blank\" href=\"https:\/\/www.nerdwallet.com\/article\/loans\/student-loans\/what-biden-or-trump-could-do-for-your-student-loans?utm_campaign=ct_prod&amp;utm_source=syndication&amp;utm_medium=wire&amp;utm_term=anne-stanleymarketwatch-com&amp;utm_content=852114\" class=\"icon none\">article<\/a> is reprinted by permission from <a rel=\"nofollow noopener noreferrer\" target=\"_blank\" href=\"http:\/\/nerdwallet.com\/blog\/?utm_campaign=ct_prod&amp;utm_source=syndication&amp;utm_medium=wire&amp;utm_term=anne-stanleymarketwatch-com\" class=\"icon none\">NerdWallet<\/a>.<\/p>\n<p> The 2020 presidential election could change the way you repay student loans, whether debt forgiveness is in your future and even how you or your children pay for college.<\/p>\n<p> Campaign proposals are no guarantee of laws to come, but they show which ideas are taking root. Here are the student loan and college proposals that policy experts say might bear fruit.<\/p>\n<div class=\"paywall\">\n<h6><span class=\"ez-toc-section\" id=\"Likely_Revised_income-driven_repayment_plans\"><\/span>Likely: Revised income-driven repayment plans<span class=\"ez-toc-section-end\"><\/span><\/h6>\n<p> Regardless of who wins, there\u2019s bipartisan support to consolidate existing\u00a0income-driven repayment plans, according to multiple experts.<\/p>\n<p>Currently, 32% of borrowers in repayment are enrolled in income-driven plans, according to the most recent data available from the Office of Federal Student Aid. The most frequently used plan \u2014 Revised Pay As You Earn, or REPAYE \u2014 caps payments at 10% of a borrower\u2019s discretionary income and extends the term to 20 or 25 years. Any balance remaining at that time is forgiven and treated as taxable income.<\/p>\n<p>\u201cI think we will see a lot of efforts to try to move people toward a single program,\u201d says Clare McCann, deputy director for federal higher education policy at New America, a public policy think tank. \u201cThe disagreement will be what is the one IDR plan to rule them all?\u201d<\/p>\n<p>The proposed plans differ by how payments are set: <\/p>\n<ul class=\"articleList\">\n<li>\n      Former Vice President\u00a0Joe <a rel=\"nofollow noopener noreferrer\" target=\"_blank\" href=\"https:\/\/www.nerdwallet.com\/article\/loans\/student-loans\/joe-biden-student-loans?utm_campaign=ct_prod&amp;utm_content=852114&amp;utm_medium=wire&amp;utm_source=syndication&amp;utm_term=anne-stanleymarketwatch-com\" class=\"icon none\">Biden proposes<\/a>\u00a0c<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ing payments at 5% of a borrower\u2019s discretionary income <\/p>\n<\/li>\n<li>\n      President\u00a0Donald <a rel=\"nofollow noopener noreferrer\" target=\"_blank\" href=\"https:\/\/www.nerdwallet.com\/article\/loans\/student-loans\/donald-trump-student-loans?utm_campaign=ct_prod&amp;utm_content=852114&amp;utm_medium=wire&amp;utm_source=syndication&amp;utm_term=anne-stanleymarketwatch-com\" class=\"icon none\">Trump proposes<\/a>\u00a0setting payments at 12.5%.<\/p>\n<\/li>\n<\/ul>\n<p>Only undergraduate loans would qualify under Biden\u2019s plan, and debt would be forgiven tax-free after 20 years. Trump proposes lowering the existing repayment term from 20 years to 15 years for undergraduate debt and increasing the term from 25 years to 30 years for those with graduate debt. Forgiveness would still be taxed.<\/p>\n<p><strong>Related: <\/strong>Senators Warren and Schumer say U.S. should im<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">media<\/a>tely cancel $50,000 in student loans for millions of borrowers<\/p>\n<p>None of the current plans would sunset for existing borrowers, experts say. But new borrowers would have access only to the new one.<\/p>\n<div id=\"cx-membership-tile\"><\/div>\n<h6><span class=\"ez-toc-section\" id=\"Possible_Federal_loan_and_Pell_grant_changes\"><\/span>Possible: Federal loan and Pell grant changes<span class=\"ez-toc-section-end\"><\/span><\/h6>\n<p>Both candidates want to update the Pell Grant Program, which is need-based aid. <\/p>\n<ul class=\"articleList\">\n<li>\n      Biden calls for doubling grant amounts and expanding eligibility to cover more of the middle class. The grants currently cover less than 60% of tuition and fees at public four-year colleges, according to a NerdWallet analysis.<\/p>\n<\/li>\n<li>\n      Trump, meanwhile, wants to expand eligibility for students in qualified skills-based programs. Doug Webber, assistant professor of economics at Temple University, says there\u2019s appetite on both sides of the aisle to expand eligibility.<\/p>\n<\/li>\n<li>\n      Trump also proposes setting limits on parent PLUS and grad PLUS loans, and eliminating subsidized student loans.<\/p>\n<\/li>\n<\/ul>\n<p>The PLUS program is a more likely candidate for change, says James Kvaal, president of The Institute for College Access and Success. But he says a cap affects college accessibility and puts a racial equity question into play. \u201cIt\u2019s often Black families who don\u2019t have the wealth to finance college who rely most heavily on parent loans,\u201d says Kvaal. \u201cThe question is: Are students going to be better off if you cap those loans?\u201d<\/p>\n<p>Don\u2019t expect subsidized student loans to go anywhere since it\u2019s not a \u201cbig ticket\u201d item in the federal budget, and its removal would affect the most in-need students, Webber says.<\/p>\n<h6><span class=\"ez-toc-section\" id=\"Uncertain_More_student_loan_forgiveness\"><\/span>Uncertain: More student loan forgiveness<span class=\"ez-toc-section-end\"><\/span><\/h6>\n<p><strong>Biden proposes<\/strong> federal student debt cancellation for all loans used for undergraduate tuition at a public college so long as the borrower earns less than $125,000. He\u2019s also calling for up to $50,000 in debt cancellation for those working in public service.<\/p>\n<p>But experts say financial strain\u00a0due to the <a rel=\"nofollow noopener noreferrer\" target=\"_blank\" href=\"https:\/\/www.nerdwallet.com\/article\/loans\/student-loans\/student-loan-relief?utm_campaign=ct_prod&amp;utm_content=852114&amp;utm_medium=wire&amp;utm_source=syndication&amp;utm_term=anne-stanleymarketwatch-com\" class=\"icon none\">COVID-19 pandemic<\/a>\u00a0might mean student loan forgiveness will take a back seat among lawmakers.<\/p>\n<p>\u201cI don\u2019t see them, in the near future, taking a big pot of money and throwing it at forgiving student loan debt,\u201d says Betsy Mayotte, president and founder of the Institute of Student Loan Advisors.<\/p>\n<p><strong>Also see: <\/strong>Student debt is fueling the Black-white wealth gap \u2014 and pursuing a college degree has become \u2018racialized,\u2019 this professor says<\/p>\n<p><strong>Both candidates are calling for<\/strong> changes to the Public Service Loan Forgiveness Program, which requires 120 payments while working in public service. The program is mired in so much red tape that up to 98% of applicants have been rejected, according to Education Department data.<\/p>\n<p>Biden wants to streamline enrollment into PSLF. But Trump proposes ending it to instead funnel borrowers into his new income-driven repayment plan.<\/p>\n<p>Experts say PSLF has support in Congress and is unlikely to sunset. On the off chance it does, borrowers already in pursuit would not be affected, Mayotte says.<\/p>\n<p><strong>Biden also supports<\/strong> forgiving $10,000 for all federal student loan borrowers as part of COVID-19 relief. Currently, all federal student loan borrowers are in an automatic, interest-free payment pause, a measure in the original CARES Act. That pause was recently extended through the end of 2020 by Trump\u2019s executive order.<\/p>\n<h6><span class=\"ez-toc-section\" id=\"Long_shot_Tuition-free_college\"><\/span>Long shot: Tuition-free college<span class=\"ez-toc-section-end\"><\/span><\/h6>\n<p>There\u2019s potential for free college under a Biden administration, but more limited than his proposals, experts say. <\/p>\n<p><strong>Biden calls for<\/strong> free tuition at four-year public colleges for families earning under $125,000; up to two years at Minority Serving Institutions; and two years at community colleges and qualified career training programs.<\/p>\n<p><strong>President Trump<\/strong> does not propose any tuition-free college initiatives.<\/p>\n<p>Among the proposals, Webber says free community college could happen. \u201cIf they decide public education is the battle they want to pick, then free tuition at community colleges is the easier sell,\u201d says Webber.<\/p>\n<p>However, it\u2019s unlikely states and colleges will buy into a free tuition program mandated by the federal government, says Jason Delisle, resident fellow at American Enterprise Institute, a public policy think tank. He adds, \u201cHow does the federal government make them set tuition at $0? They can\u2019t make them do that.\u201d<\/p>\n<p><strong>Also on MarketWatch: <\/strong>Scammed student sues Navient, asking for cancellation of debt he took on to attend for-profit college<\/p>\n<p>Kvaal says it won\u2019t just be the presidency that will affect the outcome of any free college proposal. \u201cIt\u2019s difficult to see this passing in a Republican-controlled Senate, but if the Democrats control the House, the Senate and the White House, it\u2019s possible for something like this to get serious consideration,\u201d he says.<\/p>\n<p>The Trump and Biden campaigns did not respond to a request for comment.<\/p>\n<h6><span class=\"ez-toc-section\" id=\"More_from_NerdWallet\"><\/span>More from NerdWallet:<span class=\"ez-toc-section-end\"><\/span><\/h6>\n<ul class=\"articleList\">\n<li>\n      <a rel=\"nofollow noopener noreferrer\" target=\"_blank\" href=\"https:\/\/www.nerdwallet.com\/article\/loans\/student-loans\/student-loan-forgiveness?utm_campaign=ct_prod&amp;utm_source=syndication&amp;utm_medium=wire&amp;utm_term=anne-stanleymarketwatch-com&amp;utm_content=852114\" class=\"icon none\">10+ Student Loan Forgiveness Programs That Discharge Loans<\/a><\/p>\n<\/li>\n<li>\n      <a rel=\"nofollow noopener noreferrer\" target=\"_blank\" href=\"https:\/\/www.nerdwallet.com\/article\/loans\/student-loans\/student-loan-relief?utm_campaign=ct_prod&amp;utm_source=syndication&amp;utm_medium=wire&amp;utm_term=anne-stanleymarketwatch-com&amp;utm_content=852114\" class=\"icon none\">How to Get Student Loan Relief During the Coronavirus and Beyond<\/a><\/p>\n<\/li>\n<li>\n      <a rel=\"nofollow noopener noreferrer\" target=\"_blank\" href=\"https:\/\/www.nerdwallet.com\/blog\/loans\/student-loans\/free-college-will-cost-you\/?utm_campaign=ct_prod&amp;utm_source=syndication&amp;utm_medium=wire&amp;utm_term=anne-stanleymarketwatch-com&amp;utm_content=852114\" class=\"icon none\">\u2018Free\u2019 College Tuition Programs Will Still Cost You<\/a><\/p>\n<\/li>\n<\/ul>\n<p class=\"editorcomment\">Anna Helhoski is a writer at NerdWallet. Email: anna@nerdwallet.com. Twitter: @AnnaHelhoski.<\/p>\n<div data-layout=\"\n              inline\" data-layout-mobile=\"\" class=\"\n        media-object\n        type-InsetCommentingPromo\n            \n            inline\n  article__inset\n        article__inset--type-InsetCommentingPromo\n            article__inset--inline\n  \"><\/p><\/div>\n<\/p><\/div>\n<\/div><\/div>\n<p><\/p>\n<div class=\"byline article__byline\">\n<p>      <span>By<\/span><\/p>\n<div class=\"author  hasMenu\" data-scrim='{\"type\":\"author\",\"header\":\"Anna Helhoski\",\"subhead\":\"The Wall Street Journal\",\"list\":[]}' itemscope itemprop=\"author\" itemtype=\"http:\/\/schema.org\/Person\">\n<h4 itemprop=\"name\"><span class=\"ez-toc-section\" id=\"Anna_Helhoski\"><\/span>Anna Helhoski<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<\/p><\/div>\n<\/div>\n<blockquote>\n<p style=\"text-align: center;\"><strong>if you want to watch Movies or Tv Shows go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/dizi.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Dizi.BuradaBiliyorum.Com<\/a> <\/span> for forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener noreferrer\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"http:\/\/www.marketwatch.com\/news\/story.asp?guid=%7BF76544D4-F9C6-11EA-AC68-F18E0D3DC590%7D&#038;siteid=rss&#038;rss=1\" target=\"_blank\" rel=\"noopener noreferrer\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Where do Biden and Trump stand on student loans? &#8221; If you want to watch Movies or TV series visit the Dizi.BuradaBiliyorum.Com Some ideas are taking root, regardless of who wins This article is reprinted by permission from NerdWallet. The 2020 presidential election could change the way you repay student loans, whether debt forgiveness&#8230;<\/p>\n","protected":false},"author":1,"featured_media":71725,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[],"class_list":["post-71724","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/71724","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=71724"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/71724\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/71725"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=71724"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=71724"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=71724"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}