Trump team eyes quick rollback of Biden student debt relief [View all]
Source: Politico
11/26/2024 12:27 PM EST
President-elect Donald Trump is poised to pull the plug on President Joe Biden’s yearslong push to cancel student debt for tens of millions of people as Republicans sweep into power in the coming months.
Trump transition advisers and outside allies have been discussing ways to quickly unwind the various Biden-era initiatives that offered new or easier paths to loan forgiveness for borrowers, according to two people familiar with the discussions.
The move would be the culmination of nearly four years of attacks by GOP lawmakers and attorneys general on Biden’s student debt relief policies. On the campaign trail, Trump slammed the loan forgiveness efforts — which total hundreds of billions of dollars — as “vile” and illegal.
Yet his team faces a daunting challenge: A series of recent court decisions has left the federal government’s $1.6 trillion student loan portfolio in disarray, with millions of borrowers stuck in limbo.
Read more: https://www.politico.com/news/2024/11/26/trump-rollback-biden-student-debt-relief-00189841
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