As voters weigh the candidates’ various proposals heading into the 2020 presidential election, issues around higher education and mounting national student loan debt are factors many are considering before casting a ballot.
Plans for higher education
While federal spending under Trump has reached landmark levels, he plans to slash funds for higher education by $170 billion. The cut would effectively limit access to students in need of financial aid, but the president has shown some flexibility on Pell Grants for lower-income families. Access to government-subsidized loans would also end, leaving those still in school or facing an economic fallout to cover interest fees.
Joe Biden, meanwhile, has a plan to cancel student debt for millions of qualifying students. Those who attended public universities, historically Black colleges and universities, or minority-serving institutions would have their loans wiped out. He also has said that attending public universities should be free for low and middle-income students.
Students from families making less than $125,000 annually would also have their obligations forgiven.
Read More on Trump and Biden’s Plans: