The article discusses the Department of Education’s role in student loans, emphasizing how recent changes under Trump’s administration affect borrowers. The SAVE Plan has raised legal questions regarding student-loan forgiveness and made existing income-driven repayment options less accessible for borrowers who need them. The Biden administration's efforts to adjust repayment terms have faced legal hurdles, emphasizing the challenges that more than 40 million borrowers encounter while navigating their student loans against a backdrop of evolving policies and judicial scrutiny.
The SAVE Plan has created this cascading effect throughout the entire federal student-loan system. The courts created questions about whether student-loan forgiveness was legal at all.
If you are someone who has borrowed $50,000 or $60,000 and can't afford to pay that back on a standard plan, these income-driven repayment plans are vital.
The Department of Education operates like a bank, affecting over 40 million Americans who are concerned about their repayment plans amidst changes under the Trump administration.
Mary Harris discussed with Danielle Douglas-Gabriel how the recent changes and court rulings have tumultuous impacts on borrowers and their loan repayment prospects.
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