Overview

• 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.