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Trump's Election Victory Casts Doubt on Student Loan Forgiveness

With Biden's loan forgiveness plans stalled in court, borrowers face uncertainty under Trump's upcoming administration.

  • President-elect Donald Trump has not clarified his stance on student loan forgiveness, leaving borrowers uncertain about future relief.
  • Legal challenges from Republican-led states have blocked Biden's efforts to cancel up to $20,000 in student debt for millions.
  • Biden's administration managed to forgive loans for 5 million borrowers through existing programs, despite broader plans being halted.
  • Trump's campaign did not focus on student loan issues, and he criticized Biden's approach as a failure in the September debate.
  • Project 2025, aligned with Trump's priorities, suggests removing the federal government from the student loan business entirely.
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