relief
Big changes are coming for a long-standing student-loan forgiveness program.In 2007, Congress approved the Public Service Loan Forgiveness program, which is designed to forgive student debt for government and nonprofit workers after 10 years of making qualifying payments. It meant that student-loan borrowers who dedicate at least a decade of…
A barrier to enrollment for a key student-loan repayment plan could soon be gone.The Department of Education said in updated guidance posted to Federal Student Aid’s website that it’s moving forward with implementing some student-loan repayment provisions in President Donald Trump’s “big beautiful” spending legislation.The latest update pertains to the…
The demise of a key consumer protection agency could push relief for student-loan borrowers further out of reach.Attorneys for Russell Vought, acting director of the Consumer Financial Protection Bureau, wrote in a legal filing on November 10 that the administration “anticipates exhausting” the CFPB’s available funds in early 2026, meaning…
Eligibility for a major student-loan forgiveness program for public servants is officially narrowing.On October 30, President Donald Trump’s Department of Education announced the final rule to limit the Public Service Loan Forgiveness program, which forgives student debt for government and nonprofit workers after 10 years of qualifying payments.The rule delivers…
