What Will Happen to Biden-Era Regulations Under a Trump Administration?
Jill Desjean
November 26, 2024
Any presidential transition brings a shift in executive branch priorities. This January will be no different. With the presidential election behind us and Donald Trump assuming office this January, NASFAA’s members are understandably wondering what will happen to the many regulatory initiatives pursued by the Biden administration over the past four years. While there is no official word on Trump’s plans for these regulations, we can share the potential paths he can follow and, in some cases, assume Trump’s course of action based on his last term and statements he has made while campaigning.
Final Rules
The Biden administration managed to finalize a slew of new regulations over the course of his term, including gainful employment & financial value transparency (GE/FVT), the SAVE repayment plan, and borrower defense to repayment, among others. The Trump administration could choose to rescind any of those regulations, which requires the Department of Education (ED) to follow the Administrative Procedure Act’s notice and comment process.
We saw this occur during Trump’s first term with the gainful employment rules that were finalized during the Obama administration, so it would be fair to assume a similar fate for the latest round of GE/FVT rules.
