A new Trump administration rule could restrict relief under the Public Service Loan Forgiveness program beginning in July.

The Education released major updates on a troubled student loan forgiveness “buyback” program this week. But key questions remain unanswered.

When the Biden administration announced its student loan forgiveness plan in August, it was an unprecedented move to help alleviate the $1.6 trillion worth of debt that borrowers hold. However, the forgiveness plan now faces multiple legal challenges and leaves borrowers wondering what will happen next.

More than 7 million borrowers will soon need to find a new repayment option for their federal student loans – though even the new plan they choose could disappear quickly.