(NEXSTAR) – President-elect Donald Trump is returning to the White House after defeating Vice President Kamala Harris, but what will his second term mean for the millions of Americans with student loan debt?

Trump and his fellow Republicans have criticized Biden’s loan forgiveness efforts in the past, saying that it would be "unfair" to the millions of students who repaid their loans. Lawsuits by GOP-led states have also held up plans for widespread debt cancellation. Trump has not said what he would do on loan forgiveness, however, leaving millions of borrowers facing uncertainty over their personal finances.

Further complicating the situation, Trump has vowed to dismantle the Department of Education, which oversees student loan policies.

Trump has publicly tried to distance himself from the Heritage Foundation's Project 2025 playbook (despite tapping some involved in writing it), but should he change his mind once in office, the proposal calls for the privatization of student loans and phasing out of repayment programs, ultimately making it impossible for the government to provide debt forgiveness.

Impact on student loan........

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