Education organizations have expressed alarm over Trump's plans to dismantle the Department of Education, emphasizing that student-loan borrowers could face rising balances and limited relief options. A report from Sen. Elizabeth Warren compiled insights from 11 national organizations outlining concerns about the potential impact of job losses in the Federal Student Aid office on funding for education. Delays in federal aid could push students toward riskier private loans, affecting their ability to enroll and complete their studies. Additionally, recent changes in the administration regarding student loan collections have compounded these challenges for borrowers.
The student-loan borrowers might face higher balances and fewer options for relief as organizations expressed significant concern regarding the impact of the dismantling plans.
Education organizations warned that student loan borrowers might experience increased financial burden, highlighting how disruptions in federal aid can impact enrollment and graduation rates.
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