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How will student loan repayment rates be impacted by attempted rescission by December 31, 2025?
3
Resolution / Starting Odds
Increase in repayment rates • 25%
Decrease in repayment rates • 25%
No significant change • 25%
Data not available • 25%
Reports from the Department of Education or financial institutions
Story
Trump to Rescind Biden's Student Loan Forgiveness Program
Dec 1, 2024, 05:33 PM
President-elect Donald Trump plans to swiftly rescind the Biden administration's student loan forgiveness program upon taking office, according to a report by Politico. The move would effectively reverse one of President Joe Biden's key policy initiatives aimed at providing financial relief to millions of student loan borrowers. Trump has described the program as unconstitutional, signaling his intent to unwind it immediately after assuming office.
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