The Department of Education under the Trump administration has initiated proceedings to terminate one of former President Joe Biden's most significant student loan forgiveness programs. This move represents a reversal of policies aimed at alleviating the financial burden on millions of Americans with student debt. The targeted forgiveness plan had provided relief to borrowers who met specific criteria, including those working in public service and those facing financial hardship. Education Department officials stated that the program exceeded executive authority and was not fiscally responsible. Consumer advocacy groups have expressed concern about the impact this decision will have on borrowers who were counting on the debt relief. Legal challenges are expected from student loan advocacy organizations who argue that the administration has the authority to implement such forgiveness programs. The timeline for the termination process and its immediate effects on current applications remain unclear at this stage.

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