The Biden administration’s work to cancel student for tens of millions of Americans will likely come to an end with the election of Donald Trump.
The U.S. Department of Education's work to cancel student debt for tens of millions of Americans will likely some to a screeching halt with the election of Donald Trump, who has called the efforts"vile" and"not even legal."
in court, experts say. Many of those plans are tied up in legal battles from lawsuits brought by Trump's fellow Republicans. "Given the election results, Republicans will likely try to stretch out the timeline in the court cases, while the Biden administration will try to accelerate it," Kantrowitz said., according to a 2022 report by the nonpartisan Congressional Research Service. Nearly 43 million people — or 1 in 6 adult Americans — carry student loans, the report said.U.S.
Before Biden took office, only 7,000 people had ever received the debt relief under PSLF, the education department said. The program's rejection rate was as high as 98% in some years, it added.proposed eliminating the PSLF program "The threat posed by these plans is real and will imperil the financial stability of millions of working families," said Mike Pierce, the executive director of the Student Borrower Protection Center.People walk on the campus of the University of Southern California on March 21, 2024 in Los Angeles, California.to a national poll from mid-May by the University of Chicago Harris School of Public Policy and The Associated Press-NORC Center for Public Affairs Research.
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