States Sue Over Nursing Student Loan Caps
#StudentLoans #HealthcareCrisisTwenty-three states plus DC sued the Trump administration over a new rule capping nursing student loans, arguing it is arbitrary and will worsen the healthcare worker shortage by discouraging aspiring professionals. read more
24 states sue over Trump student loan rule for nurses
#StudentLoans #HealthcareWorkersTwenty-four states sue Trump administration over rule limiting federal graduate loans for nursing and healthcare degrees, excluding them from higher borrowing caps. Critics warn it worsens provider shortages. read more
New Loan Caps Squeeze Future Doctors and Nurses
#StudentLoans #HigherEducationNew federal student loan caps from the Trump administration will cost nursing and medical students thousands more this fall. Graduate students face a $20,500 annual limit, forcing many to seek costly private loans or reconsider their education. read more
Student Loan Repayments Resume as SAVE Plan Ends
#StudentLoans #USPoliticsOver 7 million borrowers in the Biden-era SAVE student loan plan must choose a new repayment option or face costly automatic placement. Notices begin Friday after a court struck down the program, ending its lenient terms. read more
SBA cuts staff by 43%, to manage $1.6tn student loans
#StudentLoans #USPoliticsThe Small Business Administration is cutting half its workforce while taking on managing the $1.6 trillion student loan portfolio, a move announced by President Trump. Critics warn of chaos with the Department of Education dismantling. read more
AFT Sues Education Department Over Student Loan Repayment Program Suspension
#AFT #studentloansUnion President Randi Weingarten led a rally in Washington addressing a lawsuit against the Trump administration for stopping student loan repayment plans. The lawsuit accuses the administration of violating federal law, impacting over 12 million borrowers. read more
Trump Considers Dismantling Education Department, Impacting Student Loans
#DepartmentOfEducation #StudentLoansPresident Trump is reportedly planning to close down the Department of Education, which manages a $1.7 trillion loan portfolio. If this happens, federal student loans will still need to be repaid as they are an agreement between borrowers and the government. read more
Republican Budget Resolution Threatens Student Loan Programs and Borrowers
#GOPbudget #studentloansUnder a new GOP budget plan, US student loan repayments may increase by $200 on average as part of a $2 trillion federal spending cut, impacting the 42 million Americans with student loan debt. read more
"Trump Administration Freezes Federal Grants and Loans, Sparks Concern"
#FederalAid #StudentLoansThe Trump administration temporarily froze federal loans and grants, causing panic among those who rely on federal aid. A judge halted the freeze, clarifying that federal student aid, including Pell Grants and direct loans, will not be impacted. read more
#studentloans #Bidenplan
Nearly 20 million people are not making payments on their student loans totaling $1.6 trillion, leading to delinquent or paused accounts, the highest rate since 2016. President Biden proposed canceling $400bn in loans, but it was ruled unconstitutional; his SAVE plan aims to offer debt relief. read more