1851

Earlier this year, the Biden administration successfully implemented a student debt relief program. However, loan forgiveness is now&nbsp;<a href="https://www.usatoday.com/story/news/education/2022/11/17/student-loan-forgiveness-isnt-dead-heres-narrow-path-forward/10712059002/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=usa-today-is-student-loan-forgiveness-dead-2720456" target="_blank" rel="nofollow">up against federal judges</a>, and the administration is looking for other possible solutions should the original forgiveness program be eliminated.With millions of Americans now feeling uncertain about whether their debt will be relieved, economic impacts will be widespread.For many borrowers, diligently making the minimum monthly payments on their student loan debt does not yield any progress. In fact, the balance can&nbsp;<a href="https://www.forbes.com/sites/adamminsky/2021/08/12/for-many-paying-student-loans-doesnt-stop-balances-from-growing-advocate-push-cancellation-as-a-fix/?sh=72cdd2e1691d&utm_source=1851franchise.com&utm_medium=article&utm_campaign=usa-today-is-student-loan-forgiveness-dead-2720456" target="_blank" rel="nofollow">continue to grow</a> thanks to high interest rates. With ever-growing debts, younger generations will be less likely to invest in franchises given the initial capital requirements.On the flip side, this uncertainty could work to relieve the&nbsp;<a href="https://1851franchise.com/hope-incoming-a-look-at-whats-ahead-for-the-franchise-industry-2718786#stories">labor shortages</a> the franchising industry has been experiencing since 2021. Though circumstances are unfortunate, a lack of debt relief could very well drive younger generations to cut their education short and enter the workforce immediately. Some young professionals, though already established in their career jobs, are&nbsp;<a href="https://www.businessinsider.com/work-second-job-student-loan-debt-canceled-still-feel-stuck-2022-8?utm_source=1851franchise.com&utm_medium=article&utm_campaign=usa-today-is-student-loan-forgiveness-dead-2720456" target="_blank" rel="nofollow">obtaining second and third positions</a> in an effort to pay down debt.Though franchisors may experience a decrease in interest in new franchise agreements, franchise networks as a whole may find more stability among existing units as a result of increased employee availability.Read the full article at&nbsp;<a href="https://www.usatoday.com/story/news/education/2022/11/17/student-loan-forgiveness-isnt-dead-heres-narrow-path-forward/10712059002/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=usa-today-is-student-loan-forgiveness-dead-2720456" target="_blank" rel="nofollow">usatoday.com</a>. Find related articles at&nbsp;<a href="https://www.forbes.com/sites/adamminsky/2021/08/12/for-many-paying-student-loans-doesnt-stop-balances-from-growing-advocate-push-cancellation-as-a-fix/?sh=72cdd2e1691d&utm_source=1851franchise.com&utm_medium=article&utm_campaign=usa-today-is-student-loan-forgiveness-dead-2720456" target="_blank" rel="nofollow">forbes.com</a> and&nbsp;<a href="https://www.businessinsider.com/work-second-job-student-loan-debt-canceled-still-feel-stuck-2022-8?utm_source=1851franchise.com&utm_medium=article&utm_campaign=usa-today-is-student-loan-forgiveness-dead-2720456" target="_blank" rel="nofollow">businessinsider.com</a>.

USA Today: Is Student Loan Forgiveness Dead?

1851 Franchise

With debt relief hanging in the balance, debt among younger generations may impact the franchising industry.

usa-today-is-student-loan-forgiveness-dead

TruBlue Home Service Ally

TruBlue Featured in USA Today as Key Player in Helping Seniors Age Safely at Home

trublue-featured-in-usa-today-as-key-player-in-helping-seniors-age-safely-at-home

Right at Home

Right at Home Marks 30 Years With Continued Franchise Growth

Right at Home Marks 30 Years With Continued Franchise Growth, Tech Advancements, and Strong System Engagement in First Half of 2025

right-at-home-franchise-growth-2025

KidStrong Franchising, LLC

Unlocking Superpowers: How KidStrong Is Building the Next Generation of Confident Kids — and Thriving Franchise Owners

kidstrong-franchise-confident-kids

Image of a kid growing up, developing with kidstrong, high fiving and smiling. 

How KidStrong has Become the Franchise Disrupting Child Development by Partnering with Purpose-Driven Franchise Owners 

kidstrong-franchise-opportunity-child-development

Picture of kids for franchise business Kidstrong which focuses on child development and fitness

KidStrong Is Pediatrician-Recommended for Raising Confident, Capable Kids and Families Can't Get Enough

kidstrong-child-development-program

Buying a Franchise Masterclass

 Franchise Opportunities

Get Support Buying a Franchise

How to Buy a Franchise White Paper

How to Buy a Franchise

How to Sell Franchises

How to Grow a Franchise

Find a Franchise Supplier

1851 Franchise Opportunities

Franchisor News

Franchisor Power Rankings

FranCamp Mastermind Summit

Franchise Development Website Builder

Franchise Resources

What ALEC-Laffer's Report Means for Franchising

Website Awards

Power Rankings

About 1851

Advertise on 1851

Contact 1851 Editorial

Terms of Use

1851 Login

GROWTH CLUB LOGIN

facebook

instagram

twitter

linkedin

youtube

Image of Donald Trump pointing with red stripes in the background

August 1 Tariff Deadline Is Said to Have ‘No Extensions’: What This Could Mean for Franchises

august-1-tariff-deadline-franchise-impact

What June’s Jobs Report Means for the Franchise Industry

what-junes-jobs-report-means-for-the-franchise-industry

Drone Delivery Takes Flight in QSR: The Future of Franchise Operations?

drone-delivery-takes-flight-in-qsr-the-future-of-franchise-operations

Chick-fil-A Tops Customer Satisfaction Rankings for 11th Year as Challenger Brands Gain Ground

chick-fil-a-tops-customer-satisfaction-rankings-for-11th-year-as-challenger-brands-gain-ground

Technomic Releases Annual Ranking of the Top 15 Fast-Food Chains in the U.S.

technomic-releases-annual-ranking-of-the-top-15-fast-food-chains-in-the-us

The Ultimate Guide to Selling Franchises: How To Create a Strong Incentive

how-to-build-strong-incentives-to-attract-prospective-franchisees

Top 25 Franchise Marketing Leaders: Kelsey McManemin — Vice President of Marketing, HTeaO

top-25-franchise-marketing-leaders-kelsey-mcmanemin-vice-president-of-marketing-hteao

Photo of a large group of people standing in a circle, placing hands together in center

Franchise Opportunities for Minorities: Expanding the Franchise Network

franchise-opportunities-for-minorities

Amanda Evans - Stellar Service Brands - Franchise Marketing Leaders 2025 - 1851 Franchise

Top 25 Franchise Marketing Leaders: Amanda Evans — Senior Vice President of Marketing, Stellar Service Brands

stellar-service-brands-marketing-leader-amanda-evans

Hooters Leans Into Franchising With Closure of 30 Company-Owned Stores - Agg - 1851 Franchise

Hooters Leans Into Franchising With Closure of 30 Company-Owned Stores

hooters-franchise-model-company-owned-closures

Franchisee spotlight graphic with photo of Ricki Oberoi and Layne's Chicken Fingers logo

Multi-Unit Wendy’s Operator Signs 12-Unit Deal With Layne’s Chicken Fingers

ricki-oberoi-laynes-chicken-fingers-growth

How Vishal Juneja Turned a Family Tradition Into a Paris Baguette Franchise

How Vishal Juneja Turned a Family Tradition Into a Paris Baguette Franchise Built on Heart and Community

paris-baguette-franchise-rockaway-new-jersey-vishal-junjea

Franchisee spotlight graphic with photos of Danielle Rosemond & Usman Khan & TruBlue logo

Family Members of Local Physicians Bring TruBlue Franchise to North Central Nassau, Long Island: A Health Care-Inspired Approach to Aging in Place

family-brings-trublue-franchise-to-north-central-nassau

USA Today: Is Student Loan Forgiveness Dead?

MORE STORIES LIKE THIS