Americans will have received the bad news that the Department of Education has closed applications for student loan forgiveness based on severe medical impairments, after over half

The Biden administration walked away from two mass student loan forgiveness plans on Friday, marking an anticlimactic end to the efforts to enact broad student debt relief. Officials withdrew proposed regulations that would have allowed the initiatives to be implemented.

Borrowing policies may shift for students—discover what these changes might mean for repayment plans, forgiveness programs, and your financial future.

Student loan borrowers who have been in a holding pattern now have new repayment options. One expert offers advice about what to consider when making a decision.

Borrowers in default on their loans could face negative marks on credit reports and collections fees early in the new year.

The country's roughly 40 million federal student loan borrowers should brace for change when President Joe Biden exits office toward the end of the month.

Here are the biggest student loan forgiveness updates as we enter 2025, and what borrowers should keep an eye out for this year.