Trump wants to abolish the Department of Education: What that could mean for student loan borrowers
President Donald Trump has reportedly set his sights on eliminating the U.S. Department of Education, a long-time Republican goal and promise from his campaign. The proposed plan, though, gives rise to a host of unanswered questions—not least of which is what happens to the 42-plus million Americans with federal student loan debt.
Forty-two million Americans have a student loan. Altogether, that amounts to $1.6 trillion in student loan debt. The U.S. Department of Education oversees those loans. So, what happens if the ...
Yet higher education experts ... to get broad student loan cancellation have been far less successful. The Supreme Court in 2023 blocked Biden’s signature plan to cancel up to $20,000 in ...
Trump has not yet offered a clear vision for his higher education priorities ... is withdrawing his broader student-loan-forgiveness plans that were set to cancel debt for over 38 million ...
The average borrower's monthly bill could swell to $288 from $95, according to an early estimate by the Institute for College ...
As Republicans in Congress look for ways to slash spending, some legislators are floating new taxes on college scholarships, an end to student loan repayment plans and a big hike in taxes on ...
Others waited for a Biden administration promise to cancel ... higher education sector, including possibly closing the Education Department. The exact impact on the nearly 43 million federal ...
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