The Trump administration and Congress are putting various mechanisms in place to end student loan debt relief, reduce the availability of loans for college and graduate students, and make federal student loans more expensive and less likely to be forgiven.
At the beginning of the Biden administration, more than one-third (35%) of LGBTQ adults aged 18 to 40—an estimated 2.9 million LGBTQ people—held more than $93.2 billion in federal student loans. An estimated 336,000 LGBTQ adults received relief under the Biden administration’s loan forgiveness programs.
Our new study, conducted in collaboration with the Point Foundation, finds that changes to student loan programs will disproportionately impact LGBTQ adults, who are more likely to have student loan debt than their non-LGBTQ peers. Specifically, limiting student loan debt relief would significantly affect vulnerable LGBTQ communities, including transgender adults and LGBTQ people of color.