studentloan
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…
The Trump administration is beginning a complicated process of transferring millions of student-loan borrowers to a new agency. Loading audio narration… The Treasury Department confirmed in an April letter to Sen. Elizabeth Warren — released on Monday — that it has started preparations to take over the Department of Education’s…
It’s official: millions of student-loan borrowers will face sweeping repayment changes this summer. Loading audio narration… On Thursday, President Donald Trump’s Department of Education announced its final rule for its student-loan repayment overhaul, which includes new borrowing caps and repayment plans that will go into effect on July 1.Nicholas Kent,…
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…
