President-elect Donald is returning to the White House after defeating Vice President Harris, but what will his second term mean for the millions of Americans with student loan debt?

With only months left in his term, Biden wants to forgive the loans of nearly eight million borrowers experiencing "hardship."

If President-elect Donald Trump kills President Joe Biden’s student loan policies, some payments could go up.

Key Takeaways Federal student loan borrowers are waiting to see how much of President Joe Biden's student loan policies will be reversed when President-Elect Donald Trump takes office in January.Biden's previously announced policies,

Here are six critical updates on federal student loan forgiveness and repayment initiatives as Trump plans his return to the White House.

Source: The College Investor I get a lot of questions about whether you'll pay taxes on student loan forgiveness. The questions come in many forms: ・Will I owe taxes on the amount of my student loan debt forgiven?

As noted by Forbes, the Biden administration relied heavily on the regulatory process to expand relief under existing student loan forgiveness and repayment programs, helping more people qualify for them. Through this method, the office avoided drawn-out battles in Congress.