“We are going to work with all of our students who are drowning in debt to take the pressure off these young people just starting out their adult lives.”
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Trump's first term delivered temporary rather than structural relief for student borrowers: federal student loan payments were suspended and interest stopped accruing beginning March 13, 2020 under administrative action and the CARES Act (March 27, 2020), and his Aug. 8, 2020 memorandum extended the payment cessation and full interest waiver on Department of Education-held loans through Dec. 31, 2020. His broader repayment-overhaul proposals in annual budgets were not enacted during the term. Meaningful but temporary pressure relief supports partial credit on this aspirational promise.
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