Judge blocks Trump student loan forgiveness overhaul
#StudentLoans #PublicServiceA federal judge struck down Trump’s overhaul of student loan forgiveness, ruling it overstepped agency power and risked political retribution. The Public Service Loan Forgiveness program changes, set for July, were vacated for violating First Amendment protections. read more
Judge Blocks Trump Student Loan Cap on Health Workers
#StudentLoans #NursingEducationA federal judge blocked Trump’s student loan rule limiting nursing and health worker borrowing. The Education Department issued a temporary fix expanding professional degree eligibility while fighting in court to reinstate the original policy. read more
New graduate loan caps may not lower tuition
#StudentLoans #GraduateEducationNew student loan limits cap graduate borrowing at $20,500 yearly, aiming to force tuition cuts. Economists are divided on effectiveness, citing mixed evidence for the Bennett Hypothesis. Some predict small decreases, while others worry lower-income students may lose access. read more
Student loan auto pay discount jumps to 1%
#StudentLoans #AutoPayStarting July 1, student loan borrowers who use auto pay receive a 1% interest rate discount for two years. Enrollment dropped to 40% post-pandemic pause. Borrowers must sign up by September 30 to qualify. read more
Major student loan overhaul begins July 1
#StudentLoans #EducationPolicyStarting July 1, major student loan changes begin: the SAVE plan ends, two GOP-designed plans start, and strict borrowing limits apply for some. Borrowers must choose new repayment options to avoid default, with new caps for grad and Parent PLUS loans. read more
Healthcare groups sue to block graduate loan caps
#StudentLoans #GraduateEducationTwo healthcare groups sue Trump's Education Department over new federal loan caps for graduate students, set for July 1. They seek to protect physician associate students from lower borrowing limits, arguing the rule unlawfully redefines professional degrees. read more
Trump targets college majors with low earnings
#StudentLoans #HigherEducationTrump's Education Department proposes cutting federal student loan access for college majors yielding low-paying jobs, impacting thousands of programs. Critics urge adjustments, citing flawed metrics and overreach. The rule targets undergraduate and graduate programs with poor earnings outcomes. read more
Education Department Hiring Surge Contradicts Closure Plans
#StudentLoans #EducationDepartmentThe Education Department hires 380 student loan staff despite plans to dismantle the agency. Internal documents reveal critical work remains, including managing $1.7 trillion in loans. Cuts previously went too deep, costing millions. read more
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