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What will be Trump's initial stance on student loan forgiveness by April 30, 2025?
3
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
No • 50%
Yes • 50%
Remains unchanged • 25%
Successfully rescinded • 25%
Blocked by courts • 25%
Modified version implemented • 25%
No • 50%
Yes • 50%
Broad Forgiveness Program • 25%
Interest Rate Reduction • 25%
Income-Driven Repayment Expansion • 25%
Other • 25%
More than $300 billion • 25%
$250 billion to $300 billion • 25%
$200 billion to $250 billion • 25%
Less than $200 billion • 25%
No • 50%
Yes • 50%
$5 billion to $10 billion • 25%
More than $15 billion • 25%
Less than $5 billion • 25%
$10 billion to $15 billion • 25%
Majority support rescission • 25%
Majority oppose rescission • 25%
Evenly split opinion • 25%
Insufficient data • 25%
Next Administration • 25%
Neither • 25%
Both Equally • 25%
Biden Administration • 25%
Interest Rate Reduction • 25%
Further Loan Forgiveness • 25%
Other • 25%
Repayment Plan Overhaul • 25%
Other • 25%
Bipartisan • 25%
Republican Party • 25%
Democratic Party • 25%