Administration seeks to postpone final student loan aid in Borrower Defense agreement
Trump Administration Seeks More Time on Student Loan Borrower Decisions The Trump administration has requested additional time to determine if around 200,000 student loan borrowers are eligible for forgiving their loans. Under the Sweet v. McMahon settlement related to Cardona v. Sweet, the Biden administration agreed to process loan relief applications based on borrower defenses […]
Several borrowers have been granted student loan forgiveness – here are the upcoming actions to follow
Despite the ongoing government shutdown, some borrowers of student loans are getting notifications regarding their eligibility for debt cancellation, along with important financial steps they can take. Recently, the Trump administration reversed its stance and agreed to reinstate loan forgiveness for eligible individuals participating in income-driven repayment plans, including income-contingent repayment and pay-as-you-earn plans. This […]
Who is eligible for student loan relief? Experts suggest new Trump policy aims to disadvantage political rivals
A fresh conflict over student loans is on the rise following changes to a widely embraced repayment plan by the Trump administration. Critics argue these modifications could enable the Education Department to deny relief based on political affiliations. The updates to the Public Service Loan Forgiveness (PSLF) program—which allows full loan forgiveness for public and […]
States File Lawsuit Against Education Department Regarding Adjustments to Public Service Loan Forgiveness
Democratic States Sue over PSLF Program Changes Roughly two dozen states led by Democrats, along with the District of Columbia, have initiated a lawsuit against the Department of Education regarding recent modifications to the Public Service Loan Forgiveness (PSLF) program. The changes, which were announced shortly before, clarify that organizations involved in what the Department […]
A new method for obtaining a loan has emerged, but it has its drawbacks.
The Rise of Open Banking and Its Implications When you’re denied a loan due to a low credit score, it’s possible that the rejection might also serve as a cautionary sign. If you can demonstrate a healthy bank balance, lenders might reconsider their decision. Across the U.S., financial institutions are increasingly examining individuals’ checking accounts […]
Letitia James Heads Coalition of Democratic States as Teachers Unions Sue Trump for Misusing Loan Forgiveness
Blue States Sue Trump Administration Over Loan Forgiveness Program Changes A coalition of blue states, spearheaded by New York Attorney General Letitia James, along with a union and municipal coalition led by Randi Weingarten, declared on Monday that they will take legal action against the Trump administration. They allege an “unlawful takeover” of the loan […]
States and organizations challenge Education Department’s changes to Public Service Loan Forgiveness rules
Attorneys general from 21 Democratic states, along with Washington, D.C., and two advocacy groups, have filed a lawsuit against the Department of Education regarding recent changes to the Public Service Loan Forgiveness (PSLF) program. Last week, a rule finalized by the Trump administration declared that individuals engaged in what it labeled “illegal activity” would no […]
Trump Removes Progressive Activists from College Loan Program
Trump Administration Revamps Student Loan Forgiveness Program The Trump administration is revamping a loan forgiveness program that had previously assisted left-wing activists in evading student loan payments. The U.S. Department of Education (DOE) announced that the Public Service Loan Forgiveness (PSLF) program, designed for individuals in public service, will undergo significant changes to prevent taxpayer […]
Why is my elderly neighbor so upset about a $40 loan being late — as if it’s a big deal?
Dear Abby: My neighbor is 80 and we couldn’t be more different politically. She’s known me since I was 13, and lost her husband about a decade ago. These days, she spends her time inside, glued to the news, even when it’s nice out. I try to be friendly because she’s likely lonely and maybe […]
Trump administration limits student loan forgiveness options for certain public workers
Changes to Student Loan Forgiveness for Public Employees Recently, the Trump administration has made changes to the student loan forgiveness program, specifically affecting some public employees’ eligibility for loan forgiveness. On Thursday, the Department of Education revealed that it would be redefining the term “eligible employer” within the Public Service Loan Forgiveness Program. This program, […]