The Trump administration is cracking down on unpaid student loans: Here’s how it’s hitting older borrowers and how they can avoid default. (AI Image) The Trump administration has intensified efforts to collect on unpaid student loans, placing older borrowers in the US at heightened risk of financial penalties. Nearly 1 in 5 student loan holders…
The Trump administration has quietly dismantled the online application form for income-driven repayment (IDR) plans, blindsiding millions of student loan borrowers. IDR plans were akin to integral financial lifelines for some students, capping monthly payments based on borrowers’ earnings. The abrupt truncation of the programme has pushed borrowers into the dark, threatening financial instability for…
Linda McMahon, President Donald Trump’s pick to lead the Department of Education (NYT Photo) Linda McMahon, Trump’s nominee for Education Secretary, recently testified before the Senate, facing tough questions about the administration’s plans to dismantle the Department of Education (DOE). McMahon, a former WWE executive and political donor, stated that she would work with Congress…
PAYE vs ICR: Pursuing higher education in the United States is often a financial challenge due to the high cost of tuition and associated fees. For many students, taking out federal student loans is the only feasible way to fund their education. However, once they graduate, the challenge of repaying these loans begins, often leading…