studentloan

Millions of student-loan borrowers risk facing debt collectors who were penalized for ‘misleading’ behavior

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…

Trump’s major student-loan changes for millions of borrowers are a month away

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…