President-elect Donald Trump's victory last week should bring some clarity to Americans with student loans, but probably not in the way they'd hoped.
Trump has made his dislike for student debt relief clear, saying it's unfair to borrowers and taxpayers who pay their debts in full.
Biden managed to forgive an enormous amount of debt for a huge number of borrowers during his term - about $175 billion in relief for nearly 5 million borrowers.
In July 2023, the Education Department launched the first elements of its Saving on a Valuable Education repayment plan to cut payments and forgive low balances on federal student loans more quickly.
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