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What the end of a Biden-era student loan program means for borrowers

What the end of a Biden-era student loan program means for borrowers

Summary

President Trump’s administration has made an agreement with seven states to close a student loan relief program from President Biden's time. About 7 million people who are part of this program may be affected by this change.

Key Facts

  • President Trump’s administration reached a deal with seven states.
  • This deal will close a student loan relief program started during President Biden’s administration.
  • Approximately 7 million people are currently using this program.
  • The closure may impact borrowers in upcoming months.
  • Danielle Douglas-Gabriel from The Washington Post discussed the effects of this decision with John Yang.

Source Information