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President Joe Biden makes a campaign stop in Detroit, Michigan, United States - 12 Jul 2024

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One aspect ofpersonal financecould be impacted now that Biden has withdrawn student loan forgiveness one of Bidens signature policies.

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GOBanking Rates explored four possible impacts on student loans now that Biden has withdrawn from reelection.

Also see reasons you might (or cant) be taxed on student loans.

This tally also includes the latest round of $1.2 billion in student loan forgiveness for public sector employees.

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The Biden administration has insteadtaken a piecemeal approachby incrementally canceling debt for millions of Americans.

Whether she would continue his policies or implement her own, if elected, is unknown.

However, as a presidential candidate in 2020,Harris stance on student loan forgivenesswas narrow.

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If Trump Wins

Trump has consistently opposed student loan forgiveness efforts.

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