borrowers
Private companies penalized for their student-loan collection tactics may be making a comeback.As President Donald Trump transfers federal student loans from the Department of Education to the Treasury Department, defaulted borrowers will be routed through the Treasury’s “Cross-Servicing program,” which uses private contractors to collect federal debts. Two agencies in…
Student-loan borrowers, get ready: big changes are coming.For nearly a year, President Donald Trump’s Department of Education has been preparing to implement the sweeping student-loan changes signed into law in the administration’s ” big beautiful” spending legislation.After negotiation, public comment, and ongoing litigation, those changes will take effect on July…
President Donald Trump’s student-loan repayment overhaul has been hit with a fresh lawsuit. Loading audio narration… On Tuesday, 25 Democratic-led states filed a lawsuit against the Department of Education and its leader, Linda McMahon, saying that the borrowing caps in the Trump’s “big beautiful” spending legislation exceeded the department’s authority…
Private student-loan lenders have big things in store for federal borrowers. Loading audio narration… During earnings calls in late April, the leaders of major private lenders, including Sallie Mae and Navient, said that they’re ready to compete for federal borrowers once President Donald Trump’s sweeping repayment changes take effect in…
A top education official has a message for millions of student-loan borrowers: Don’t count on student-loan forgiveness. Loading audio narration… During a conversation at the conservative think tank American Enterprise Institute on Thursday, Undersecretary of Education Nicholas Kent said the administration’s key focus is ensuring that borrowers are repaying their…
