The Biden administration has withdrawn two major plans to deliver student loan forgiveness. The proposed regulations would have allowed the secretary of the U.S. Department of Education to cancel student loans for several groups of borrowers, including those who had been in repayment for decades and others experiencing financial hardship.

Some Democratic lawmakers are pressuring the Biden administration to take further action on student loans before President-elect Donald Trump takes office, including finalizing some debt forgiveness it already approved.

The Education Department effectively halts the regulations before the inauguration of Trump, who has voiced opposition to both

The Biden administration is officially withdrawing its sweeping proposals to cancel student debt for tens of millions of Americans, effectively closing the door on mass loan forgiveness in the waning days of Joe Biden’s presidency.

Tens of thousands of public servants will have $4.28 billion in student debt canceled, the Biden administration announced Friday.

With just under a month left in his administration, President Joe Biden managed to fulfill one of his campaign promises, forgiving the student debts of nearly 55,000 borrowers. Do

The Biden administration withdrew a proposal to forgive the student debt of borrowers who experienced hardship.