Trump Signals He May Support Student Loan Relief as 2026 Midterms Draw Near
Summary
President Donald Trump said he would consider a proposal from Representative Anna Paulina Luna to cap federal student loan interest rates at 2.5 percent. The bill remains pending in the House, and Trump’s comments come as changes to repayment options and student loan costs draw attention ahead of the 2026 midterms.Key Facts
- Luna’s proposal would cap federal student loan interest rates at 2.5 percent.
- Trump said, “It’s something that I would certainly consider,” when asked about the proposal.
- The bill is pending in the House Education and Workforce Committee.
- Luna said on X that Trump would support the cap, although his reported remarks said he would consider it.
- Federal Reserve data put outstanding student loan debt at about $1.86 trillion in the second quarter of 2026.
- The article says changes under the One Big Beautiful Bill Act removed income-driven repayment and forgiveness options for some borrowers, including certain Parent PLUS borrowers.
- A Student Debt Crisis Center survey found that 92 percent of respondents planned to vote in the midterms.
- Nearly two-thirds of survey respondents said higher student loan payments had led them to cut spending on necessities such as food, housing, or health care.
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