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President-elect Donald Trump is unlikely to continue many of Biden’s student-debt relief efforts.
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Borrowers are still waiting for a final court decision on the SAVE student-loan repayment plan.
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Even if the plan survives the courts, Trump and GOP lawmakers could take steps to rein in relief.
During his term as president, Joe Biden has used various programs to cancel $175 billion in student debt for nearly 5 million borrowers. Those efforts will likely fizzle out over the next four years.
Two of Biden’s key debt-relief initiatives are tied up in court: his SAVE income-driven repayment plan, intended to make student-loan payments cheaper for borrowers, and his broader loan forgiveness plan, set to benefit over 30 million borrowers.
Millions…
