Trump halts student debt cancellation

This is a U.S. news story, published by CNBC, that relates primarily to JD Vance news.

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Forgiving student debt

CNBC

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What Trump's win could mean for student loan forgiveness

Summary

Nutrition label

77% Informative

40 million Americans who were repeatedly promised a reduction to or complete elimination of their debt will have to prepare to restart or continue making their monthly payments.

Many of those plans are tied up in legal battles from lawsuits brought by Trump 's fellow Republicans .

Outstanding education debt in the U.S. exceeds $1.6 trillion , according to a report.

While in office, Trump halted a regulation aimed at providing loan forgiveness to those defrauded by their schools.

"Forgiving student debt is a massive windfall to the rich, to the college educated, and most of all to the corrupt university administrators of America ," Sen. JD Vance wrote on X in April 2022 .

VR Score

Informative language

Neutral language

Article tone

formal

Language

English

Language complexity

Offensive language

not offensive

Hate speech

not hateful