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How Trump and Biden would handle the student loan crisis


Trump and Biden would approach the student loan crisis very differently.

Jim Watson | AFP | Getty Images

Whether Donald Trump or Joe Biden wins the presidency may have a significant impact on the country’s 42 million student loan borrowers.

Student loans have outpaced credit card and auto debt as a burden to Americans, and each year 70% of college graduates start off their lives in the red. The average balance is around $30,000, up from $10,000 in the early 1990s, and many borrowers owe $100,000 or more. The typical monthly payment is $400. 

There’s a clear desire for change: More than half of Americans say student debt is “a major problem” for the country, according to a Politico/Morning Consult poll.

Here’s what the different views of the candidates may mean for borrowers.

Monthly bills

Public service loan forgiveness

Student loan forgiveness

Bankruptcy protections



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