With much of President Joe Biden’s student loan agenda tied up in court, the incoming Trump administration could have a significant impact on millions of borrowers.

Borrowers can start taking steps now to prepare for anticipated changes to student loan forgiveness and repayment next year.

President-elect Donald Trump has been critical of student debt relief plans, which could signal a big shift for borrowers in 2025.

The past four years have been filled with highs and lows for federal student loan borrowers, as nearly 5 million have benefited from $175 billion in debt cancellation provided by President Joe Biden and others have watched their prospects for relief ensnared by litigation.

With only months left in his term, Biden wants to forgive the loans of nearly eight million borrowers experiencing "hardship."

Student loan borrowers are worried about their financial futures in the wake of the election of Donald Trump, whose rhetoric has been hostile toward Joe Biden-era loan forgiveness plans.

Attempts to deliver wide-scale student loan relief will likely be halted. While Trump hasn't been clear on his plans, he has been a staunch critic of federal student loans and attempts to reduce loan balances.