US Education Dept cancels loan forgiveness plans impacting 30 million students weeks before Trump takes office: What borrowers should know

US Department of Education canceled two major loan forgiveness plans. The Biden administration has scrapped two major student loan forgiveness plans intended to aid 30 million borrowers. The Department of Education withdrew these proposals to maintain flexibility for future revisions. While this decision halts broad relief, targeted programs like PSLF and TLF remain available. Despite setbacks, efforts for student debt forgiveness continue.