Trump's major student-loan repayment overhaul enters its next phase

"After Trump signed his "big beautiful" spending legislation into law, the department began negotiations with stakeholders on the proposed changes, which included new borrowing caps, the elimination of existing income-driven repayment plans, and a new repayment plan with less generous terms than those of existing plans. Publishing the rule to the Federal Register is the next step in the negotiated rulemaking process, allowing the department to progress toward implementing the rule in July."

""With consensus reached in support of the Department's proposed rule, we have a clear path forward to fulfill the President's promise of making higher education more affordable and ensuring that every professional in America-from teachers and nurses to physicians and clergy-can pursue their careers without taking on debt they may never be able to repay,""

"Once the rule is formally published on Friday, the public will have until March 2 to comment on the proposed rule. The department said in its press release that it would consider the comments and "may make changes to the proposed regulations in response to substantive comments.""

Department of Education published a proposed rule in the Federal Register to advance a student-loan repayment overhaul. Negotiations with stakeholders followed the signing of the spending legislation. Proposed changes include new borrowing caps, elimination of existing income-driven repayment plans, and creation of a less generous repayment plan. Publication in the Federal Register advances the negotiated rulemaking process toward a July implementation target. Undersecretary Nicholas Kent cited consensus supporting a clearer path to making higher education more affordable and protecting professionals from unmanageable debt. The public has until March 2 to submit comments, and the department may revise regulations based on substantive feedback.

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