Following years of failure to pay off billions of dollars in student loan debt, President Biden is making a final push to do so before the end of his tenure.

An interim final rule to extend the time for student loan debtors to sign up for long-term pay-over-time plans was issued by the Department of Education this month.

The clause would extend the time frame for borrowers to sign up for Pay-As-You-Earn (PAYE), a program that forgives all student loans for borrowers who make on-time payments for 20 years, or Income Contingent Repayment (ICR). The deadline for enrollment would be moved from July 2024 to July 2027, a three-year extension.

However, since the rules are set to take effect in July 2026, any distribution programs that are implemented after Trump’s tenure may be halted by the incoming administration.

Only weeks have passed since the Biden administration proposed a second new rule that, if approved, would allow student loan forgiveness for individuals the department determines have at least an 80% probability of loan default based on a “predictive assessment using existing borrower data.”

The administration also announced plans in October to pay down $4.5 billion in debt for over 60,000 public service borrowers.

Biden promised to cancel millions of Americans’ student loans if elected president during his 2020 campaign, but the president has encountered ongoing legal challenges in his efforts to pay off hundreds of billions of dollars in debt.

Biden’s first plan, which was anticipated to cost more than $400 billion, proposed to provide debt relief for individuals earning less than $125,000 annually up to $10,000, and up to $20,000 for Pell Grant recipients.

However, the Supreme Court ruled in June 2023 that the secretary of education could not eliminate more than $430 billion in student debt, rejecting Biden’s proposals to do so.

But the president tried again to wipe out about 30 million Americans’ debt. Biden’s second proposal aimed to eliminate all debt for Americans who have been repaying college loans for 20 years or more, as well as up to $20,000 in interest for those who owe more than they borrow.

Although he has stated that he intends to overhaul the whole educational system during his term, President-elect Trump has not specified how he will handle the Biden administration’s plans for student loan forgiveness.

The former head of Trump’s education department recently told Fox that the next administration should reconsider Biden’s attempt to provide student loan freebies.