Trump's Return Casts Doubt on Future of Student Loan Forgiveness
With Trump's victory, Biden's expansive student loan relief efforts face an uncertain future as advocates push for last-minute actions.
- President-elect Trump has historically opposed broad student loan forgiveness, contrasting sharply with Biden's relief efforts.
- Biden's administration forgave $175 billion in student loans, but many of his initiatives remain tied up in legal challenges.
- Advocates urge Biden to finalize key forgiveness measures before Trump's inauguration, including a one-time account adjustment.
- Trump has criticized Biden's forgiveness plans as unfair and is expected to dismantle existing relief efforts, including the SAVE plan.
- Borrowers may face increased payment obligations under Trump, who previously sought to raise repayment rates and simplify income-driven plans.