Supreme Court OKs Trump layoffs at Education Department
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The Department of Education has announced that 0% loans will start accruing interest on August 1 for student loan borrowers in the legally-challenged Saving on a Valuable Education plan, while wage garnishment will begin later this summer.
Millions of student loan borrowers enrolled in the Biden administration's signature repayment plan are now approaching an unwelcome reality. The U.S. Department of Education has
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Students logging into their student loan servicer accounts may not be able to see their progress in loan forgiveness payments after the Department of Education stalled payment counts.
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CNET on MSNShould Student Loans Borrowers in SAVE Switch to Another Repayment Plan? It's ComplicatedThe Department of Education is encouraging SAVE borrowers to move to the IBR plan, but you should review all your options first.
Interest is set to begin accruing for the 8 million borrowers enrolled in former President Joe Biden's SAVE repayment plan, which courts paused.
If you are getting a student loan or paying one off, here's what you need to know about changes under Trump's "Big Beautiful Bill."
Roughly 8 million student loan borrowers will see their interest charges restart next month, according to a source familiar.
Months later, the Education Department has unveiled drafted plans for the student loan forgiveness program that does just that. Proponents claim the proposed legislation would give one person unilateral power to remove organizations’ eligibility from the program as a form of political retaliation.
The Trump administration will resume charging interest next month on student loans under the Biden-era SAVE plan, which have been on hold while the plan’s tied up in court—potentially costing nearly 8 million borrowers an extra $3,500 per year in interest.
In recent developments, student loan borrowers have faced significant challenges in tracking their loan progress. The U.S. Department of Education has
Fact checked by Ward Williams Nearly 25% of the $1.6 trillion federal student loan portfolio could default in the near future, considering that nearly 10 million borrowers were over 90 days delinquent as of April 2025.