Millions Of Student Loan Borrowers Brace
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Following the passage of President Trump's sweeping budget bill, here's some of the biggest changes to student loans.
The millions of Americans with student loans, who have already experienced whiplash in federal policy since the pandemic, must again brace for change.The "big, beautiful bill" that President Trump signed into law on July 4 overhauls the federal student loan system by reducing the number of repayment plan options down to two from seven and capping the amount individuals can borrow for higher education.
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Students logging into their student loan servicer accounts may not be able to see their progress in loan forgiveness payments after the Department of Education stalled payment counts.
The proposed changes arrive based on concerns that federal funds have been used to support organizations the administration views as acting outside the law.
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The Administration's efforts to reshape Public Service Loan Forgiveness could affect thousands of nonprofit workers.
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Plans unveiled this week could change how the student loan forgiveness program works for government employees.
Here’s a look at how President Trump and the Education Department are looking to reshape the Public Service Loan Forgiveness program, which cancels student debt for some employees after 10 years.
Trump’s student loan forgiveness changes could disqualify borrowers based on employer affiliations. So what happens next?
Months later, the Education Department has unveiled drafted plans for the student loan forgiveness program that does just that. Proponents claim the proposed legislation would give one person unilateral power to remove organizations’ eligibility from the program as a form of political retaliation.