What Happens if the Department of Education Closes?
Earlier this week, President-Elect Trump announced on social media that he intends to close the Department of Education (ED) early in his administration and transfer responsibilities of educating our children to the states. Closing ED would require Congressional...
Student Loan Policy Changes Expected Under the New Republican Administration
The 2024 election has handed control of the White House and Senate to the Republican Party, with a potential GOP majority in the U.S. House of Representatives. The incoming administration is expected to introduce federal student loan policy changes to undo forgiveness...
SAVE Plan’s Legal Jeopardy Continues and Joint Consolidation Loan Separation
Student Loan Forgiveness Court Challenges Continue Last week, the 8th Circuit panel of judges questioned the Biden administration’s authority under the Higher Education Act to grant debt forgiveness in the Saving on a Valuable Education (SAVE) plan. The SAVE...
The End of the Student Loan On-Ramp: A Warning for Financial Aid Directors
The 12-month federal student loan on-ramp ends on Monday, September 30th. The on-ramp was intended to give borrowers a year to find sustainable repayment plans following the three-year COVID payment pause. Repayment officially resumed on October 1, 2023, with bills...