In the final days of his presidency, Joe Biden announced student loan relief for over 150,000 borrowers, including those defrauded by schools, individuals with disabilities, and public service workers.
This effort builds on existing programs like borrower defense and reforms to income-driven repayment and Public Service Loan Forgiveness, bringing total loan forgiveness under his administration to $183 billion for about five million borrowers.
As President-elect Donald Trump prepares to take office, uncertainty looms over student loan policies. Trump and conservatives have criticized Biden’s relief measures, signaling potential reversals in the new administration.
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