A government shutdown on Wednesday would have the potential to disrupt a multitude of federal activities — but people with student loans are expected to continue making their repayments, according to the U.S. Department of Education. People with student loans “will still be required to make payments on their outstanding student debt,” the Education Department…
Student loan debt has consistently been in the news for the last several years, primarily for two reasons. Firstly, many of those saddled with loan debt were pressing the Biden administration for debt relief; second, because the Trump administration’s recent Big, Beautiful Bill (BBB) is reshaping how those loans are now being repaid. Learn More:…
The Trump administration is proposing a new rule that would bar people with outstanding college loans from relief on that debt if their employers were found to be “undermining national security and American values through illegal means.” The proposed rule, announced Monday by the Department of Education, would restrict people from participating in the federal Public Student…
Millions of people with student loans who are enrolled in a popular repayment plan are now in limbo, with the Department of Education saying it has temporarily paused forgiveness for borrowers in its income-based repayment plan, or IBR. Such plans offer a double benefit for borrowers by lowering a person’s monthly loan repayment to reflect…
After already experiencing whiplash in federal student loan policies since the pandemic, borrowers 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 and capping the amount individuals can borrow…