The rising cost of higher education in the United States has led millions to rely on student loans, creating a significant financial burden. Student loan forgiveness has emerged as a crucial topic, offering potential relief to borrowers.

Democrats propose the SOAR Act to protect income-driven repayment benefits after the SAVE Plan was blocked. Here’s what the bill does—and its chances in Congress.

President Donald Trump says responsibility for student loans and other programs overseen by the Department of Education will shift to other agencies.