The Trump administration has moved to terminate one of former Joe Biden's most popular student loan forgiveness plans. This decision by the Department of Education marks a significant shift in federal student loan policy. The move comes as part of the administration's broader efforts to roll back various Biden-era initiatives. Education officials stated they would not tolerate what they described as an overreaching program. The termination affects thousands of borrowers who were relying on the forgiveness plan to reduce their student debt burden. Consumer advocacy groups have expressed concern about the impact this decision will have on borrowers already struggling with loan repayments.

Category: Finance