In a move that could reshape the Public Service Loan Forgiveness (PSLF) program, the Trump administration on Friday proposed new rules that would deny debt relief to public employees whose organisations are deemed to have engaged in activities with a “substantial illegal purpose.” The sweeping change could impact thousands of government and nonprofit workers including…
Amid a federal overhaul of student loan plans, many borrowers have been left wondering what it means for their hopes of loan forgiveness. In particular, those who are enrolled in a repayment plan known as income-based repayment, or IBR, have wondered if forgiveness will still be available to them. A recent update from the Education…
US President Donald Trump President Donald Trump’s much-touted “Big Beautiful Bill” – officially titled the American Prosperity and Freedom Act – promises sweeping changes across taxes, welfare, and national security. But buried within its 940 pages lies an ambitious, controversial overhaul of education policy that could reshape American classrooms, college debt, and the ideological fabric…
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…
People walk past the John Harvard statue in Harvard University , Cambridge, Mass. (AP Photo) Plans Scrapped: Biden administration cancels two major initiatives: The year 2024 has been tumultuous for US student loan borrowers in the, marked by notable shifts and lingering uncertainties. From the end of the long-standing payment pause to rising interest rates,…