You’re invited to speak. Just don’t expect anyone to listen. Let’s not sugarcoat this. The Trump administration has officially launched the student loan rulemaking process under the One Big Beautiful Bill (OBBB). And while the Department of Education is opening up the microphones and eComment boxes for your input, let’s be honest—this whole thing feels …
You did everything right. You worked for a nonprofit. You made the payments. You followed every confusing instruction the government threw your way. But thanks to a new rule buried in the fine print of Executive Order 14235, you could lose Public Service Loan Forgiveness (PSLF) credit—retroactively—just because of where you work. Not what you …
You’ve played by the rules. Made your payments. Believed—after 10 or 20 long years—that final chunk of debt would vanish. Clean slate, right? Not so fast. Thanks to an expiring pandemic-era tax break and a new proposal from the Trump administration, millions of borrowers might be in for a surprise punch from Uncle Sam—and no …
Let’s not sugarcoat it: If you were counting on student loan forgiveness through Income-Based Repayment (IBR), you’ve just been thrown into limbo. The Education Department hit pause on all IBR discharges—no timeline, no guarantees, just a vague promise they’ll get back to it “once they figure things out.” Sound familiar? Let’s break down what’s really …
Title: 🎓 Parent PLUS Changes Are Coming: What You Must Do Before June 30, 2026 A clear roadmap for parents to avoid losing access to loan forgiveness and income-driven repayment 🚨 Let’s Start with the Big Red Flag If you’re a parent with a Parent PLUS loan—or you’re considering taking one out for your kid’s …
If you’re a student, parent, or borrower wondering what’s really happening with student loans in 2025, buckle up — because Congress is proposing sweeping changes that could reshape how college is paid for in America. The College Cost Reduction Act of 2025 aims to overhaul federal student aid, with major implications for loan forgiveness, repayment …
The federal student loan forgiveness program, so many people were going to eliminate $10,000 to $20,000 of their federal student loan debt, was halted by a federal court judge. You can follow Brown v. Department of Education for updates here. But Here is the Kicker Federal student loan payments are set to resume in January …
Honoring a campaign promise, President Biden will forgive $10,000 in personal student-loan debt owed by about 40 million college borrowers. The only people ineligible for this bonanza will be single persons who make more than $125,000 a year or married people making more than $250,000. Biden’s Department of Education released its loan-forgiveness application a few days ago, …
By Jacob Goss, Daniel Mangrum, and Joelle Scally – Federal Reserve Bank of New York On August 24, 2022, the White House released a plan to cancel federal student loans for most borrowers. In April, we wrote about the costs and who most benefits from a few hypothetical loan forgiveness proposals using our Consumer Credit Panel, based on Equifax credit …
It is far too early to see how the proposed Biden student loan forgiveness proposal is actually going to play out. I expect legal challenges to the proposal so nothing should be counted on until all the hurdles have been crossed and forgiveness is actually granted. Be hopeful but don’t count on it until the …