In a significant policy shift, the Biden administration has withdrawn two proposed student loan forgiveness rules potentially impacting 38 million borrowers. The Education Department emphasizes reallocating resources toward assisting at-risk borrowers as the transition to President-elect Donald Trump approaches. Despite this setback for broader relief, Biden recently announced $4.28 billion in forgiveness for 54,900 public service workers, bringing total forgiveness under his administration to approximately $180 billion for nearly 5 million borrowers. Critics and advocates reflect on the implications of this decision amid ongoing challenges surrounding student debt.