If Romney Wins: Nope. Romney’s plans for privatized student aid could even provide a basis for slashing existing loan forgiveness programs. Romney and Ryan argue that such programs are dangerous for a country neck-deep in fiscal crisis. College grads argue that they’re tired of being neck-deep in fiscal crises of their own. Hard to argue with them.

If Obama Wins: The President has a history of supporting loan forgiveness, which removes the burden of student aid for qualifying recipients: certain teachers, doctors, veterans, and volunteer-workers. Just last year, President Obama unveiled a plan to forgive loan balances for those who had made 20 years of steady payments amounting to 10 percent of their total income. Obama argues that the program spurs economic recovery, so he can be expected to keep it operating.