Department Of Education Restores Student Loan Payment Plans
Digest more
Top News
Overview
NJ.com |
The agency’s decision to reopen certain types of student loans comes at a time when the future of the Education Department is in doubt.
CNET |
The Department of Education has reopened applications for income-driven repayment plans, offering a little relief to student loan borrowers who've been in limbo for the past month.
Read more on News Digest
15h
The College Investor on MSNTrump 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 no executive order has been signed. ・Experts say such a move would likely require an act of Congress and could breach existing borrower contracts,
The SBA did not include managing the $1.6 trillion federal student loan portfolio anywhere within its memo announcing its restructuring.
If you have student loans, you might want to take a closer look at your credit score soon. More than 9 million student loan borrowers could see their credit scores plunge significantly over the next few months,
The move, which is likely to face legal challenges, is part of the administration’s plan to shut down the Department of Education.
4don MSN
President Trump moving student loans from the Education Department to the Small Business Administration (SBA) is rattling those affected, who say it is prime evidence that the White House has no