{"id":2370835,"date":"2024-11-19T13:37:02","date_gmt":"2024-11-19T18:37:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/trumps-second-term-could-undo-bidens-student-loan-forgiveness-washington-examiner\/"},"modified":"2024-11-19T13:39:38","modified_gmt":"2024-11-19T18:39:38","slug":"trumps-second-term-could-undo-bidens-student-loan-forgiveness-washington-examiner","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/trumps-second-term-could-undo-bidens-student-loan-forgiveness-washington-examiner\/","title":{"rendered":"Trump&#8217;s second term could undo Biden&#8217;s student loan forgiveness- Washington Examiner"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">22<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Ftrumps-second-term-could-undo-bidens-student-loan-forgiveness-washington-examiner%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2370835&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>The article discusses the implications of\u200c Donald Trump&#8217;s \u2063potential second term \u2064on student loan forgiveness policies\u2063 established \u2063by President\u200d Joe Biden. \u2063Trump has promised significant changes to the Department of \u200bEducation if elected, which could \u200creverse Biden&#8217;s initiatives aimed at easing student\u2062 debt\u200c burdens. During his campaign, Biden had pledged to forgive substantial\u2064 amounts of student \u2063debt, but his administration&#8217;s efforts have\u200b been \u200champered\u2064 by legal challenges, including a Supreme Court decision that limited\u2063 his ability to fulfill this promise.<\/p>\n<p>Under Biden, measures like the Saving on a Valuable Education (SAVE) program\u2062 were introduced, allowing for reduced payments based on income and even complete forgiveness\u2062 in certain \u2064hardship cases. However, Trump&#8217;s\u2063 administration might \u200dchallenge or eliminate\u200b such\u2062 programs, especially \u200cas Republican state attorneys\u2062 general\u2062 are actively\u200b pursuing lawsuits against them, potentially resulting in \u2064increased payments for millions of borrowers.<\/p>\n<p>Trump has not yet outlined his specific plans regarding Biden&#8217;s student\u200b loan \u200cinitiatives, nor \u200dhas he appointed\u2064 a nominee\u200c for\u2062 the secretary of education \u2062position, which he aims to reshape\u2063 or \u200deliminate. The article also notes that\u200d while some conservative voices, including \u200dTucker Carlson, have called\u200d for\u200c tackling the student debt\u2063 crisis, their \u2062proposals focus \u200dmore on reforming the\u2062 loan system \u200drather than forgiving existing debts. Legislative proposals in\u200d line with\u200b these ideas could\u200c shape\u200c the Republican approach to student loans in a Trump-led administration, \u2062although the complete \u2062abolishment of the Department\u200b of Education is unlikely due to the need for significant Senate support. <\/p>\n<p>the \u200dfuture of\u2062 student loan \u2062policies heavily depends on the outcome of the upcoming 2024 election and\u200d the directions taken by\u2063 the incoming administration.  <\/p>\n<p class=\"readmore\">\n    <button onclick=\"showReadMore()\" id=\"readmorebtn\">Read more&#8230;<\/button>\n<\/p>\n<hr id=\"line\">\n<span id=\"more\"><\/p>\n<p><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><\/p>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-mobile-menu-button\"><i class=\"tdb-mobile-menu-icon td-icon-mobile\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-header-search-button-mob dropdown-toggle\" data-toggle=\"dropdown\"><i class=\"tdb-mobile-search-icon td-icon-search\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-mobile-menu-button\"><i class=\"tdb-mobile-menu-icon td-icon-mobile\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<div class=\"tdb-drop-down-search\" aria-labelledby=\"td-header-search-button\">\n<div class=\"tdb-drop-down-search-inner\">\n<form method=\"get\" class=\"tdb-search-form\" action=\"https:\/\/www.washingtonexaminer.com\/\"><\/form>\n<div class=\"tdb-aj-search\"><\/div>\n<\/div>\n<\/div>\n<p><a href=\"http:\/\/www.washingtonexaminer.com\/#\" role=\"button\" aria-label=\"Search\" class=\"tdb-head-search-btn dropdown-toggle\" data-toggle=\"dropdown\"><i class=\"tdb-search-icon td-icon-search\"><\/i><\/a><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<h1 class=\"tdb-title-text\">Trump&rsquo;s second term could undo Biden&rsquo;s student loan forgiveness<\/h1>\n<div><\/div>\n<div class=\"tdb-title-line\"><\/div>\n<\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<div id=\"Brid_1877012\" class=\"tpd-featured-video bridtv\"><\/div>\n<p>President-elect <a href=\"https:\/\/www.washingtonexaminer.com\/tag\/donald-trump\/\" target=\"_blank\" rel=\"noopener\" title=\"\">Donald Trump<\/a> has promised to fundamentally remake the <a href=\"https:\/\/www.washingtonexaminer.com\/tag\/department-of-education\/\" target=\"_blank\" rel=\"noopener\" title=\"\">Department of Education<\/a> in his second term, a move which, if achieved, will have a significant impact on initiatives President <a href=\"https:\/\/www.washingtonexaminer.com\/tag\/joe-biden\/\" target=\"_blank\" rel=\"noopener\" title=\"\">Joe Biden<\/a> put into place to <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/budget-report-biden-dropping-student-loan-forgiveness-he-promised-during-campaign\/\" title=\"Budget Report: Biden Dropping Student Loan Forgiveness He Promised During Campaign\u00a0\">forgive student loan debt<\/a>.<\/p>\n<div class=\"article-paywall\">\n<p>During his own 2020 campaign, <a href=\"https:\/\/www.washingtonexaminer.com\/news\/white-house\/3222408\/joe-biden-lame-duck-session-trump-proof-legacy\/\" target=\"_blank\" rel=\"noopener\" title=\"\">Biden<\/a> vowed to forgive tens of thousands in debt for every student loan borrower.&nbsp;<\/p>\n<p><a href=\"https:\/\/www.washingtonexaminer.com\/news\/campaigns\/presidential\/3223892\/president-elect-donald-trump-cabinet-picks-list\/\" target=\"_blank\" rel=\"noopener\" title=\"\"><strong>TRUMP CABINET PICKS: WHO&rsquo;S BEEN TAPPED TO SERVE IN THE PRESIDENT-ELECT&rsquo;S ADMINISTRATION<\/strong><\/a><\/p>\n<p>His actions through the first 46 months of his presidency fell far short of that benchmark, thanks to a 2023 decision from the Supreme Court. But he has managed to extend billions in relief for millions of student loan borrowers, including extending forgiveness to public servants, low-income borrowers, borrowers with disabilities, or borrowers who were defrauded by their schools.<\/p>\n<p>The Biden administration also proposed a new Department of Education rule in October, just one week before the 2024 election, that if &ldquo;finalized as proposed,&rdquo; would allow Secretary of Education Miguel Cardona to &ldquo;waive up to the entire outstanding balance of a student loan when the department determines a hardship&rdquo; that could drive a borrower into missing payments or defaulting on their loans.<\/p>\n<p>Trump has yet to say how he will handle Biden&rsquo;s student loan initiatives, and the Trump team has not responded to inquiries on the subject. Trump has yet to name his nominee for secretary of the department, which the president has wanted to eliminate.<\/p>\n<p>However, Biden&rsquo;s signature student loan forgiveness vehicle, the Saving on a Valuable Education program, is already on the chopping block with Republicans. Enrollees in the SAVE plan see their <a href=\"https:\/\/amzn.to\/3YuVZYV\">monthly minimum payments pegged directly<\/a> to household income, allowing borrowers earning less than $32,000 annually to make $0 monthly payments. The SAVE plan also caps a loan repayment period at 20 years for undergraduate loans and 25 years for graduate assistance, as long as a borrower continues to make adjusted monthly minimum payments.<\/p>\n<p>The SAVE program is the target of lawsuits filed by seven Republican state attorneys general. If any of those suits produce unfavorable rulings for the Biden administration, then the 8 million program enrollees could see their monthly payments rise by up to nearly 600%, according to an analysis from <em>The Los Angeles Times<\/em>.<\/p>\n<p><a href=\"https:\/\/www.washingtonexaminer.com\/policy\/defense\/3220510\/how-trump-could-impact-pentagon\/\" target=\"_blank\" rel=\"noopener\" title=\"\"><strong>HOW TRUMP COULD IMPACT THE PENTAGON<\/strong><\/a><\/p>\n<p>Though Republican lawmakers widely opposed Biden&rsquo;s <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-student-loan-relief-on-the-ropes-after-one-two-punch-from-congress\/\" title=\"Biden&#039;s student loan relief in trouble after Congress hits twice.\">student loan forgiveness initiatives<\/a>, a number of leading conservative thinkers, including Tucker Carlson, challenged then-President Trump to tackle the student loan crisis.<\/p>\n<p>&ldquo;Student loans are the biggest source of personal debt in this country, more than car loans and credit card bills. That&rsquo;s a staggering amount of debt. It&rsquo;s enough to distort and cripple the U.S. economy. It&rsquo;s enough to stunt the life prospects of an entire generation of young people,&rdquo; Tucker Carlson wrote in a 2019 op-ed for Fox News. &ldquo;If you&rsquo;re wondering why the majority of Americans under 30 say they prefer socialism, debt is a major reason. Student loans are killing them, and they never go away.&rdquo;<\/p>\n<p>However, Carlson argued that Congress must take on the predatory student loan industry by forcing schools to co-sign loans along with borrowers, making them liable for any missed payments or defaults, and capping the total amount of loans for student loan borrowers, as opposed to forgiving any current debt held by borrowers.<\/p>\n<p>Legislation sponsored by Rep. Virginia Foxx (R-NC) introduced earlier this year follows on that line of thinking and could provide a blueprint for Republican efforts to address the crisis in Trump&rsquo;s second term in office.<\/p>\n<p>Trump&rsquo;s vow to <a href=\"https:\/\/www.washingtonexaminer.com\/policy\/education\/3232494\/trump-wants-to-abolish-the-department-of-education\/\" target=\"_blank\" rel=\"noopener\" title=\"completely shutter\">completely shutter<\/a> the Department of Education likely won&rsquo;t come to fruition, as it would require 60 votes in the Senate to pass.<\/p>\n<p>But the president-elect could, without congressional authority, begin shifting Education Department programs off to separate agencies. During his first term in office, Trump suggested re-housing Education under the Department of Labor, and multiple Trumpworld insiders told the <em>Washington Examiner<\/em>&nbsp;that, under the president-elect&rsquo;s possible federal restructuring, the Department of Treasury could absorb Education&rsquo;s loan programs.<\/p>\n<p>As for any specific plans to take on Biden&rsquo;s forgiveness programs themselves, experts remain split.<\/p>\n<p>American Enterprise Institute fellow Michael Brickman, an Education Department official during Trump&rsquo;s first term, suggested that, without having to act through executive authority, Trump could simply wait for pending litigation against Biden&rsquo;s programs to conclude.<\/p>\n<p>&ldquo;Some of the first victories for the new administration&rsquo;s education policy may be just them sitting on their hands and waiting for some of these policies that never were legal in the first place to be struck down by the courts,&rdquo; Brickman told the <em>Washington Post<\/em>.<\/p>\n<p>Scott Buchanan, executive director of the Student Loan Servicing Alliance, said that Trump might similarly decide not to touch Biden&rsquo;s changes in a second term.<\/p>\n<p><a href=\"https:\/\/www.washingtonexaminer.com\/\" target=\"_blank\" rel=\"noopener\" title=\"\"><strong><\/strong><\/a><\/p>\n<p>&ldquo;I could see a return to what was in place under the previous Trump administration,&rdquo; he said. &ldquo;They could say, &lsquo;Listen, we didn&rsquo;t do anything with the repayment plans then, so there&rsquo;s no need to now.&#8217;&rdquo;<\/p>\n<\/div>\n<p> <script data-cfasync=\"false\" src=\"http:\/\/www.washingtonexaminer.com\/cdn-cgi\/scripts\/5c5dd728\/cloudflare-static\/email-decode.min.js\"><\/script><script>!function(){var g=window;g.googletag=g.googletag||{},g.googletag.cmd=g.googletag.cmd||[],g.googletag.cmd.push(function(){g.googletag.pubads().setTargeting(\"has-featured-video\",\"true\")})}();<\/script><script>var _bp=_bp||[];_bp.push({\"div\":\"Brid_1877012\",\"obj\":{\"id\":\"27789\",\"width\":\"1280\",\"height\":\"720\",\"stickyDirection\":\"below\",\"video\":\"1877012\"}});<\/script><script defer src=\"https:\/\/services.brid.tv\/player\/build\/brid.min.js\"><\/script><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Trump&#8217;s second term may reverse Biden&#8217;s student loan forgiveness<\/p>\n","protected":false},"author":2645,"featured_media":2370836,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2024\/11\/trump-student-loan.webp","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[32431,3620,33017,34238,3634],"class_list":["post-2370835","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","tag-2024-election","tag-biden","tag-political-analysis","tag-student-loan-forgiveness","tag-trump"],"fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2024\/11\/trump-student-loan.webp","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2370835","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/2645"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2370835"}],"version-history":[{"count":3,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2370835\/revisions"}],"predecessor-version":[{"id":2370839,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2370835\/revisions\/2370839"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2370836"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2370835"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2370835"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2370835"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}