Trump, student loan

7 Student Loan Forgiveness Updates As Trump Returns To The Presidency
As Donald Trump returns to the White House, here’s where things stand with student loan forgiveness, and what borrowers should know.
$2 trillion in student loan debt is in limbo under Trump
American student loan debt is sky-high, with some estimates putting the total number over $2.19 trillion—that’s higher than all U.S. credit card and auto loan debt combined. President Joe Biden and his administration made numerous attempts to alleviate the burden of student loans,
What will dismantling the Education Department mean for your student loans?
The Trump administration is gearing up for large changes to the Department of Education, which oversees a $1.6 trillion portfolio of student loans.
What dismantling the Department of Education could mean for colleges, student loans and college access
Efforts by the Trump administration to dismantle the Education Department are underway. Here's what it could mean for students.
Linda McMahon may be asked to dismantle the Department of Education. Here's what it does
If Linda McMahon is confirmed as education secretary, President Donald Trump has said he wants her to “put herself out of a job.”
With Education Department under threat, what student loan borrowers can do
By Eliza Haverstock, NerdWallet President Donald Trump has vowed to dismantle the U.S. Education Department, which oversees federal student financial aid. There are reports that members of Elon Musk’s Department of Governmental Efficiency (DOGE) team have accessed financial aid data containing the personal information of millions of students enrolled in the federal student aid program.
What Will Happen to Your Student Loans if Trump Closes the Department of Education?
The Trump administration has promised to eliminate the Department of Education, shifting more responsibility back to the states. States already have significant control over education — particularly when it comes to setting standards and deciding on curriculum,
Student Loan Payments Could Soar By $200 A Month, On Average
An overhaul of the federal student loan system proposed by House Republicans could push monthly student loan payments up by ...
Student loan wage garnishment: how it works and how you can stop it
If you have had trouble staying on top of your student loan payments and are concerned about the prospect of wage garnishment ...
I’m 59 with $42,000 in my 401(k), $77,000 in student loans, and no property — is my retirement doomed?
I’m 59 with just $42,000 in my 401(k), $77,000 in student loans, and no property — after a lifetime of steady work and past ...
Chart Reveals Trump Could Undo All of Biden's Student Loan Forgiveness
More than 5 million Americans have benefited under Biden's presidency due to his student loan forgiveness policies.
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Student debt has a chilling effect on employees' retirement planning
A new study highlights how debt-saddled public and private workers are forced to focus on shorter-term investments and immediate financial concerns.
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Biden administration seeks to avoid default crisis for student loan borrowers as garnishments resume
This year, for the first time in roughly five years, borrowers who have defaulted on their federal student loan debt will face collection activity, including the garnishment of their wages and ...
Some Student Loan Borrowers May See Debt Collection Stopped
Because of a recent proposed settlement with the CFPB, some private student loan borrowers may see a stop to collections ...
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What student loan borrowers should know about plans to restart collections
In some cases, borrowers could feel the pain as early as this summer. By late 2024, the number of federal student loan borrowers in default was roughly 5.5 million, the department's memo said.
Why might student loan borrowers see their credit scores affected by late payments?
Many federal student loan borrowers could face a significant change this year, as missed payments could begin to affect their ...
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Current Student Loan Interest Rates 2025: What You Need to Know
The lower your score or the thinner your credit file, the higher your interest rate will generally be, as the lender views you as more likely to default on a loan. Many student applicants are ...