Biden administration withdraws pending regulations on transgender athletes, student debt

Biden Dumps Student Loan Forgiveness Plans: What It Means For Borrowers, Loan Providers Like SoFi - SoFi Techs (NASDAQ:SOFI)

The Biden administration withdrew two major student loan forgiveness plans on Friday, just weeks before President-elect Donald Trump is set to enter the Oval Office. Here's a look at what it means for borrowers and student loan service providers.

Biden Scraps Two Student Loan Forgiveness Plans: What Borrowers Must Know

Due to operational issues, the Biden administration has abandoned two important efforts to reduce student debt, depriving millions of Americans of anticipated financial aid.

Biden Administration Withdraws Two Student Loan Plans

The Biden administration withdrew regulations that would have allowed the Secretary of Education to cancel student loans for people who have been in repayment for decades and others that were experiencing financial hardship.

Biden Administration WITHDRAWS Student Loan Forgiveness Plans

In one of his final acts, Joe Biden has just withdrawn two big “student loan forgiveness” plans. Make no mistake: this is a good thing. Probably one of the best decisions made by the Biden admin yet, but canceling student debt was also one of the top, if not the number one, campaign promise he made in 2020. Yet, he couldn’t deliver on his promise in four years… Sorry folks, no refunds! Take a look: BREAKING: Biden administration has officially …

Biden Pulls Three Education-Related Initiatives Likely To Be Targeted by Trump, Including Student Loan Cancellation

The decision to withdraw proposals that have not been finalized comes amid concerns that they could be turned into vehicles to implement President-elect Trump’s agenda quickly.

BREAKING: Biden admin withdraws major student loan cancellation plans

"The US Department of Education is withdrawing a notice of proposed rulemaking."