Millennials are watching monthly student loan payments skyrocket from $500 to $5000 under Trump: This will ‘crash the economy’

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Millions of college grads are facing nightmarish monthly student loan payment jumps due to Donald Trump's changes to income-driven repayment plans.

Robbie Scott, a 27-year-old went viral on TikTok for expressing his frustration that despite all efforts to work hard, the system is bringing young people down.“What’s sh-tty is, we’re holding up our end of the deal,” Scott said.“We’re staying in school.

A previous aspiration to buy a house—a core part of the American dream—is essentially unattainable for the next decade, as they pay back the loans.“We literally already have a mortgage payment—and it’s his loans,” she said.“$5,000 is more than a mortgage payment, that would be a very nice house.

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Article Details

Author / Journalist: Preston Fore

Category: EconomyBusiness

Markets: United States

Topics: Student loans and debt Millennials Gen Z Education Donald Trump Money Colleges and Universities

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-17 @ 16:10:46 (20 hours ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 705 words

Reading Time: 4 minutes read

Sentences: 4 lines

Sentence Length: 177 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 27092058

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Official Website: fortune.com

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