Millennials are drowning in student debt and hoping that the next president will give them a hand. According to data from the New York Federal Reserve, 17 percent of millennials are defaulting on their loans and only 37 percent make regular payments. So, things aren’t looking good for many young people.

The Student Loan Report revealed that the graduating class of 2016 left college with an average of $35,000 of debt per graduate and millennials are more anxious than ever to hear a conversation about lowering the amount of debt.

Hillary Clinton and Donald Trump are focusing on higher education issues more than presidential candidates have done in the past. Among other plans, Clinton has promised to eliminate college tuition for families that bring in $85,000 or less annually and push for employers to contribute to debt relief.

Meanwhile, Donald Trump has promised to release a position within the next four weeks, but his campaign co-chair, Sam Clovis, indicated that Trump would support the GOP platform, which calls for the federal government to remove itself from the student loan business. Clovis also mentioned other ideas, like discouraging students majoring in liberal arts from borrowing money. Fifty-eight percent of millennials say they would vote for Trump if he forgave student debt, according to a Student Loan Report survey.

Millennials are listening intently to see whether or not the candidates can offer real solutions to the loan crises. Despite the fact that higher education has been a hot topic thus far for both campaigns, some millennials are skeptical that the candidates will be able to follow through with their goals.

Andrew Josuweit, CEO of Student Loan Hero, is skeptical of Clinton’s campaign promises to eradicate tuition for certain families. "The devil is always in the details," he said. “Who's going to end up paying for this stuff? Is it just marketing for the Clinton campaign or are they going to be able to execute?"

The suspicion is that the brunt of the burden may fall on the taxpayers, which will not ultimately help families who are struggling financially.