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

Layne's Chicken Fingers

image of laynes chicken finger restaurant with 4 hands holding cups in the air to celebrate 

 Layne’s Chicken Fingers Crosses Mid-Year Mark With 11 New Restaurants Opened, Including the First Time the Brand has Seen Two Openings on the Same Day on July 14

laynes-chicken-franchise-growth-2025

HomeTeam Inspection Service

image of an employee from home team checking an outlet with an ipad

HomeTeam Inspection Service Franchise Owners Diversify Income With Multi-Service Model

hometeam-inspection-service-revenue-streams

Right at Home

image of jennifer selden right at home franchisee for a webinar with nick powills

Right at Home Franchise Owner Jennifer Selden To Share Franchise Journey, Sparked by Personal Care Experiences

jennifer-selden-right-at-home-franchise-journey-webinar

Paris Baguette Canada

image of a paris baguette bakery cafe latte with delicious food, croissants, and pastries

What Paris Baguette Franchisees Have To Say About Their Experiences

paris-baguette-franchise-canada-eric-chang

image of right at home franchisee gregory brewer for a webinar with nick powills

Gregory Brewer To Share 20-Year Franchise Journey With Right at Home in Upcoming Webinar

gregory-brewer-right-at-home-franchise-winston-salem-webinar

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

AI Is Reshaping Franchising: $100 Billion Valuations and Hyper-Localized Advertising

ai-is-reshaping-franchising-100-billion-valuations-and-hyper-localized-advertising

Mega Franchisee Sizzling Platter Acquired by Bain Capital

mega-franchisee-sizzling-platter-acquired-by-bain-capital

Wendy's CEO Kirk Tanner Steps Down - Breaking News - 1851 Franchise

Wendy’s CEO Kirk Tanner Steps Down Amid Challenges, Leaving Franchisees Facing Uncertainty

wendys-ceo-transition-kirk-tanner-franchisee-uncertainty

"Come in, We're OPEN" sign against abstract background

Small Business Optimism Dips, Raising Concerns for Franchise Owners

small-business-optimism-dips-raising-concerns-for-franchise-owners

Photo of Roof Scientist truck and trailer

Roof Scientist Expands Into Northern Indianapolis as Entrepreneur Dale Speckman Launches New Business in Fishers

roof-scientist-expands-into-northern-indianapolis

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

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

Mike Revak - Chief Business Officer - Sky Zone - Franchise Marketing Leaders - 1851 Franchise

Top 25 Franchise Marketing Leaders: Mike Revak — President and Chief Business Officer, Sky Zone

top-25-franchise-marketing-leaders-mike-revak-chief-business-officer-sky-zone

Coffee & Analytics graphic with photo of Nick Powills

Franchise Growth Is Messy. Lead Gen Is Uncomfortable. Let’s Fix It.

franchise-lead-generation-insights

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

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

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

Blending Tech, Hospitality and Health Care: How Three Women From Different Worlds Came Together to Build a Paris Baguette Franchise

USA Today: Is Student Loan Forgiveness Dead?

MORE STORIES LIKE THIS