Market
What will be Trump's initial stance on student loan forgiveness by April 30, 2025?
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Resolution / Starting Odds
Complete reversal of Biden's policies • 25%
Partial modification of Biden's policies • 25%
Continuation of Biden's policies • 25%
No clear stance announced • 25%
Official statements or policy announcements from the Trump administration
Story
Biden Approves $4.2 Billion in Student Loan Relief for 150,000 Borrowers, Aiding Over 5 Million Total
Jan 13, 2025, 06:02 PM
In his final days in office, President Joe Biden has approved student loan relief for more than 150,000 borrowers, totaling $4.2 billion in debt cancellation. This brings the total number of individuals who have benefited from debt cancellation during his administration to over 5 million. The latest round of relief includes nearly 85,000 borrowers who were defrauded by their schools, 61,000 individuals with total and permanent disabilities, and 6,100 public service workers. The Biden administration has waived a total of $183.6 billion in student loans. This action comes as Biden's term nears its end, with President-elect Donald Trump set to take office soon. Trump has previously criticized student loan forgiveness as 'vile' and illegal, and it remains unclear how his administration will approach the issue.
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Similar markets
Yes • 50%
No • 50%
Successfully rescinded • 25%
Remains unchanged • 25%
Modified version implemented • 25%
Blocked by courts • 25%
No • 50%
Yes • 50%
Other • 25%
Interest Rate Reduction • 25%
Income-Driven Repayment Expansion • 25%
Broad Forgiveness Program • 25%
$200 billion to $250 billion • 25%
$250 billion to $300 billion • 25%
More than $300 billion • 25%
Less than $200 billion • 25%
No • 50%
Yes • 50%
More than $15 billion • 25%
$10 billion to $15 billion • 25%
Less than $5 billion • 25%
$5 billion to $10 billion • 25%
Insufficient data • 25%
Evenly split opinion • 25%
Majority support rescission • 25%
Majority oppose rescission • 25%
Next Administration • 25%
Neither • 25%
Both Equally • 25%
Biden Administration • 25%
Repayment Plan Overhaul • 25%
Interest Rate Reduction • 25%
Further Loan Forgiveness • 25%
Other • 25%
Bipartisan • 25%
Other • 25%
Democratic Party • 25%
Republican Party • 25%