At least 10 student loan and federal aid programs run by the Department of Education may be cut
From Forbes.com
6 Student loan forgiveness updates as Trump returns to the White House
From Forbes.com
An excerpt:
"But following last week’s election results, the SAVE plan’s future is in serious doubt. While the Trump transition team has not signaled a specific intent to do away with the SAVE plan, they may not need to do anything at all. At a critical court hearing in October, a three-judge panel of the 8th Circuit Court of Appeals seemed more than willing to strike down the SAVE plan. If the court does that, the Trump administration could simply not appeal that decision, allowing the ruling to stand. That would effectively kill the SAVE plan without any specific action by a Trump Education Department."
With Trump's win, student debt relief is in doubt. Here's what to know.
From CBS News MarketWatch
An excerpt:
“Bob Eitel, who served during the first Trump administration as a senior counselor to the education secretary, said he expects the president-elect will move to rescind the proposed loan cancellation regulations.
"The Trump administration may pursue different avenues of loan relief, but it will not be the mass, blanket types of forgiveness that the current administration has pursued," said Eitel, president and co-founder of the Defense of Freedom Institute for Policy Studies.
Some other student loan relief programs may remain, such as the Public Service Loan Forgiveness program, which would be tougher to eliminate but could become less accessible, said NerdWallet's Wood.”
What a Trump presidency might mean for student loan forgiveness
From NPR News analysis
An excerpt: Trump will also inherit a pair of unfinished student loan proposals
"Biden's second attempt at broad loan forgiveness, often referred to as Plan B, is a smaller effort, at least relative to the plan the Supreme Court scuttled. Still, it's estimated to cost roughly $150 billion. It would, among other things, cancel the debts of borrowers with older loans and erase accrued interest for the millions of people who owe more than they borrowed.
"Plan B was challenged by Republican state attorneys general and paused by the courts in September, before the rule could be finished, let alone rolled out. It's not clear when we should expect a final legal ruling.
"Another Biden proposal would provide loan forgiveness to people in extreme financial hardship, like those caring for a loved one or struggling with high child care costs."