The Trump administration has reached a deal with Missouri that could cause a lot of borrowers to get back into repayment. Since the courts blocked Biden’s SAVE plan, the Education Department says anyone still in that forbearance will now have to pick a new repayment plan.
Republican-led states argued SAVE was a workaround for student loan forgiveness. With more than 7.6 million people in the program, the shift could create major stress and changes for borrowers who’ve relied on the lower payments SAVE offered.
Article: SAVE student loan payment pause: Trump officials seek to end relief
1 comment:
It is interesting to see how the administration is restructuring higher level education through this program as well as the changing of "professional degrees" and the available federal loans for them. The argument is that in the long-term institutions will be forced to lower there tuition costs.
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