Core Insights - Federal student loan borrowers experienced significant changes in repayment plans during President Trump's second term, yet approximately 121,000 borrowers received debt forgiveness in 2025 [2][12] - The number of borrowers receiving forgiveness under Trump's administration is lower than under Biden's, but still represents a notable increase compared to historical averages [3][7] Public Service Loan Forgiveness - In 2025, the Department of Education forgave loans for about 117,280 borrowers through the Public Service Loan Forgiveness (PSLF) program, which discharges loans after 10 years of payments for public service workers [5][12] - The PSLF program saw an unprecedented average of 267,500 borrowers' loans forgiven annually during Biden's presidency, totaling nearly 1.07 million [7][14] Income-Based Repayment Plans - The Trump administration forgave approximately 3,570 borrowers' loans through Income-Based Repayment plans in 2025, with a significant pause in forgiveness due to legal challenges [8][10][12] - The Department of Education did not provide publicly available data on the number of borrowers receiving forgiveness through income-driven repayment plans from any administration [11] Changes in Forgiveness Programs - For most of 2025, forgiveness under income-driven repayment plans was paused, with the Department of Education resuming forgiveness in October [10][13] - Prior to Biden's administration, only 50 borrowers had received forgiveness through income-driven repayment plans, highlighting the substantial increase in forgiveness under his tenure [14]