Buzzing in America as President Donald Trump Just Announced That All Student Loans Are Forgiven

June 1, 2025 | Washington, D.C. — In a move that’s sending shockwaves across the nation, President Donald Trump made an unexpected announcement this morning: all federal student loans in the United States are officially forgiven, effective immediately.

Speaking from the White House Rose Garden, Trump declared the decision part of his “America First, Forever Free” initiative. “It’s time we unleash the full potential of American talent — not bury it under debt,” he said to a roaring crowd. “No more crushing loans. You’re free. Totally free. And we did it without Congress!”

 The Details:

Applies to: All current federal student loan holders as of May 31, 2025

Balance wiped: $1.7 trillion in student debt erased

Private loans: Not included, but Trump hinted “a big surprise” may be coming for those too

Funding source: According to Trump, “reallocated global foreign aid, government surplus, and cutting bureaucratic fat”

 Reactions Pour In
The announcement sparked immediate celebration on college campuses and social media. The hashtag #TrumpClearedMyDebt trended #1 within an hour on X (formerly Twitter).

Senator Elizabeth Warren called it “unexpected but welcome,” while former President Joe Biden issued a statement saying, “I walked so he could run, I guess.”

 Real People, Real Impact
“I thought it was a prank,” said Jasmine Morales, a recent graduate from the University of Michigan. “I logged into my loan portal and it said $0.00. I screamed.”

Economists are divided, with some predicting a consumer spending boom and others warning of inflationary ripple effects.

 What’s Next?
President Trump hinted at “more major news coming for middle-class families and forgotten Americans” during his upcoming “Great American Comeback Tour,” kicking off in Ohio next week.