Savannah Britt owes about $27,000 on loans she took out to attend college at Rutgers University, a debt she was hoping to see reduced by President Joe Biden’s student loan forgiveness efforts. Her payments are currently on hold while courts untangle ...

The former president will return to the White House in January 2025 following his win over Vice President Kamala Harris.

The U.S. Department of Education's work to cancel student debt for tens of millions of Americans will likely come to a screeching halt with the election of Donald Trump, who has called the efforts "vile" and "not even legal.

Around 8 million Americans won’t have to pay federal student loans for at least six months, according to an Oct. 21 announcement from the Biden administration — but former president Donald Trump’s reclamation of the White House puts plans for debt relief in jeopardy.

Welcome to The Hill’s Business & Economy newsletter {beacon} Business & Economy Business & Economy   The Big Story What Trump’s win means for student loan

While the election results will likely affect student loan forgiveness options, for now, most borrowers should remain on this repayment plan.

As noted by Forbes, the Biden administration relied heavily on the regulatory process to expand relief under existing student loan forgiveness and repayment programs, helping more people qualify for them. Through this method, the office avoided drawn-out battles in Congress.

Trump has previously expressed opposition to Biden's efforts to provide widespread student debt relief, which suggests that his administration would not continue the current loan forgiveness programs and may attempt to roll back some of Biden’s initiatives.

Trump has not said what he would do on loan forgiveness, leaving millions of borrowers facing uncertainty over their personal finances.