Biden Dumps Student Loan Forgiveness Plans: What It Means For Borrowers, Loan Providers Like SoFi
Biden Dumps Student Loan Forgiveness Plans: What It Means For Borrowers, Loan Providers Like SoFi
"The Biden administration knew that the proposals for broad student loan forgiveness would have been thwarted by the Trump administration," higher education expert The Biden administration withdrew two major student loan forgiveness plans Friday, just weeks before President-elect Donald Trump returns to the White House. Here's a look at what it means for borrowers and student loan service providers.
拜登政府週五撤回了兩個主要的學生貸款免除計劃，距離當選總統特朗普返回白宮僅幾周時間。以下是這些變動對借款人和學生貸款服務提供商的影響。
The Details: The Education Department posted notices in the Federal Register that it was withdrawing two proposals that could have reduced student loan debt for millions of borrowers, including those with financial hardship and those who have been in repayment for years, CNBC reported.
詳情：教育部在聯邦公報上發佈通知，撤回了兩項提案，這些提案本可以爲數百萬借款人減輕學生貸款債務，包括那些面臨經濟困難的借款人以及那些已還款多年的借款人，據CNBC報道。
The department wrote that it was withdrawing the proposed rules due to "operational challenges in implementing the proposals." It also said it would focus its resources on "helping at-risk borrowers return to repayment successfully" as the administration prepares to leave office in the next month.
部門表示，因「實施這些提案的操作挑戰」而撤回提議的規則。它還表示，在政府準備下月離任之際，將把資源集中在「幫助面臨風險的借款人成功恢復還款」上。
"The Biden administration knew that the proposals for broad student loan forgiveness would have been thwarted by the Trump administration," higher education expert Mark Kantrowitz told CNBC.
高等教育專家馬克·坎特羅維茨在接受CNBC採訪時表示：「拜登政府知道，大規模學生貸款免除的提案會被特朗普政府阻撓。」
What Else: Also on Friday, the Department of Education announced another $4.28 billion in loan forgiveness for nearly 55,000 public service workers which brought the total amount of student loan forgiveness under the Biden administration to $180 billion.
其他消息：同樣在週五，教育部宣佈將爲近55,000名公共服務工作者提供420億的貸款免除，這使得拜登政府下的學生貸款免除總額達到1800億。
Education Secretary Miguel Cardona emphasized the administration's commitment to student loan relief for public service workers in a statement Friday.
教育部長米格爾·卡多納在週五的聲明中強調了政府對公共服務工作者學生貸款減免的承諾。
"Four years ago, the Biden-Harris Administration made a pledge to America's teachers, service members, nurses, first responders, and other public servants that we would fix the broken Public Service Loan Forgiveness Program, and I'm proud to say that we delivered," Cardona said.
卡多納說：「四年前，拜登-賀錦麗政府向美國的教師、軍人、護士、第一響應者和其他公共服務人員許諾，將修復損壞的公共服務貸款免除計劃，我非常自豪地說，我們兌現了這一承諾。」
Loan Servicers: The administration's withdrawal of the additional loan forgiveness proposals is potentially a positive development for student loan providers including SoFi Technologies, Inc. (NASDAQ:SOFI), Navient Corp. (NASDAQ:NAVI) and SLM Corp. (NASDAQ:SLM)
貸款服務提供商：政府撤回額外的貸款免除提案可能對包括SoFi Technologies, Inc.（納斯達克：SOFI）、Navient CORP.（納斯達克：NAVI）和學貸美優先股B（納斯達克：SLM）在內的學生貸款提供商是一個積極的發展。
Student loan providers would have lost revenue if Biden's student loan forgiveness plans had gone through.
如果拜登的學生貸款減免計劃實施，學生貸款提供商將會失去營業收入。
Additionally, the rollout of forgiveness programs often requires servicers to update systems, retrain staff and manage complex transitions, all of which would increase expenses.
此外，減免計劃的推出通常需要服務商更新系統、重新培訓員工並管理複雜的過渡，所有這些都會增加費用。
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Image: Shutterstock.
圖片：Shutterstock。
