Biden makes final push for student loan forgiveness before Trump takes office
Fox News
President Biden is making a last-ditch effort to cancel more student debt before the end of his term, one of his final attempts to erase the loans after facing years of setbacks.
The provision would amend the Income Contingent Repayment (ICR) to extend the deadline for borrowers to enroll in ICR or Pay-As-You-Earn (PAYE), a program which cancels all student debt for borrowers after 20 years of on-time payments. The enrollment deadline would be extended by three years, from July 2024 to July 2027. Aubrie Spady is a Writer for Fox News Digital.
The regulations, however, are slated to go into effect in July 2026, meaning the incoming Trump administration could intercept any handout initiatives going into effect after his term.
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