U.S. Department of Education restored income-driven student loan repayment plans after pause. See the 3 plans you can choose from now
The Education Department temporarily paused these applications after the U.S. Court of Appeals for the Eighth Circuit ruled that the agency should stop implementing the Biden administration’s Saving on a Valuable Education (SAVE) Plan and other parts of some income-driven repayment plans.
What closing the Department of Education would mean for student loans
The closure of the entire department would require an act of Congress, but Trump and his newly appointed secretary of education, Connecticut resident Linda McMahon, can shutter or shift pieces of the department that are not protected in law. McMahon ran the SBA during Trump’s first term in office.
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Trump Wants Student Loans Handled By The SBAKey Points ・President Trump said he wants to move the federal student loan system to the Small Business Administration, but ...
More than 9 million student loan borrowers could see their credit scores plunge significantly over the next few months.
The SBA did not include managing the $1.6 trillion federal student loan portfolio anywhere within its memo announcing its restructuring.
The move, which is likely to face legal challenges, is part of the administration’s plan to shut down the Department of ...
President Trump moving student loans from the Education Department to the Small Business Administration (SBA) is rattling ...
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Trump says Small Business Administration will take over Department of Education’s student loan portfolio“I’ve decided that the SBA, the Small Business Administration, headed by Kelly Loeffler, a terrific person, will handle ...
Elon Musk's DOGE recently announced that the SBA will be placing new age requirements on business loans amid sweeping staffing cuts.
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