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US Politics

Cheaper student-loan payments for millions of borrowers are on the line next year

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Borrowers are still waiting for a final court decision on the SAVE student-loan repayment plan.

President-elect Donald Trump is unlikely to continue many of Biden 's student-debt relief efforts.

Even if the plan survives the courts, Trump and GOP lawmakers could take steps to rein in relief.

Rep. Bobby Scott , the top Democrat on the House education committee, urged Biden's Education Department to follow through on its loan discharges.

Trump could also choose not to carry out Biden 's broader relief plans, including one that aims to provide relief to categories of borrowers whose balances have grown due to unpaid interest.