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Trump Orders to Develop Plan to Tackle Student Loan Debt

The concern for the rising student loan debt among Americans has finally caught the attention of President Donald Trump.

According to a report published in The Washington Post, President Trump has asked his aides to devise a plan to tackle the growing student loan debt.

The report mentioned that Trump was concerned about having no policy measures for such a pressing issue which is being capitalized by various Democratic presidential candidates for their respective election campaigns by announcing plans and introducing bills that would ensure partial to complete loan forgiveness.

“We don’t have a plan,” The Washington Post report quoted Trump telling his aides.

In June, Bernie Sanders had introduced a bill that would completely eliminate student debt by imposing a tax on Wall Street and make two and four-year public and tribal colleges and universities tuition-free and debt-free.

Elizabeth Warren’s bicameral Student Loan Debt Relief Act will forgive loans of up to $50,000 for those whose household gross income is less than $100,000 by using already available data on household gross income and pending student loan debt.

In the 2020 presidential election, a candidate’s stand on student loan debt is an important factor that will decide the millennial voting choice.

Nearly 30 percent of the respondent are planning to vote for the candidate who best plans to eliminate their student loan debt. Another 48 percent consider the student debt as one of the factors that will decide their vote.

Another survey found Sanders plan immensely popular American adults, as nearly 40 percent of them backed him when it comes to selecting a Democratic presidential candidate during their state’s primary to address their concerns of student loan debt.

Student Borrowers Believe in Misconceptions about Loans

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