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...
Student Loan Defaults Expected to Spike with No Relief in Sight
Court Temporarily Blocks Biden Administration’s Latest Debt Relief Plan This week, a federal judge granted a temporary restraining order against the Biden administration’s student debt relief plan, which may lead to record-high student loan defaults. The...