President Donald Trump has inherited a federal student loan system that looks considerably different from the one in place when he left office in early 2021.
Former President Joe Biden’s tenure in the White House focused heavily on reducing the education debt burden for Americans. Although multiple loan forgiveness plans were eventually struck down, and the Saving on a Valuable Education (SAVE) plan is on hold pending a legal ruling, the Biden administration still achieved a remarkable feat by canceling federal student loans for 5 million borrowers over four years. In his final days in the White House, Biden issued another raft of loan relief totaling $600 million for 150,000 borrowers.
But through wide-ranging executive orders, Trump has already sought to undo Biden-era policies by enacting changes to federal government functions.
How Student Loans Could Change Under Donald Trump
