#federal-loan-policy

#federal-loan-policy

Under the new language, the CFPB explicitly states that ECOA does not recognize the effects test. But creditors remain liable for intentional discrimination, including the use of facially neutral policies as a pretext for discriminatory practices.

McMahon is familiar with organizations built around an increasingly unstable man who is a genius at spinning story lines that inflame the crowd and damage enemies and institutions but, if you think too hard about them, don't necessarily add up to a coherent narrative.

The Knowledge Alliance noted in the memo more IES funding could lapse 'if the amounts currently allocated to programs are not fully spent.'

Payment history is the biggest factor in your score, as lenders evaluate whether you pay bills on time. Lower credit utilization signals less risk, while a longer credit history builds trust with lenders.

Public debt stands at more than $39 trillion, with the interest expense on that borrowing now exceeding $1 trillion a year, highlighting the urgent need for a sustainable fiscal path.

The One Big Beautiful Bill Act includes the largest overhaul to the federal student aid system in decades, limiting loan repayment and debt forgiveness options for borrowers.

The insights from this report help us think about potential gaps in the loss mitigation waterfall and the types of homeowners who may benefit from targeted support when they experience a crisis.

As the Federal student aid portfolio soars to nearly $1.7 trillion and with nearly a quarter of student loan borrowers in default, Americans know that the Department of Education has failed to effectively manage and deliver these critical programs. By leveraging Treasury's world-renowned expertise in finance and economic policy, we are confident that American students, borrowers, and taxpayers will finally have functioning programs after decades of mismanagement.

With roughly nine million student borrowers in default, the Treasury Department will "assume operational responsibility for collecting" on those loans, the Education Department announced Thursday. The move is ED's latest effort to render itself obsolete as part of the Trump administration's plan to eliminate the department. This is the 10th interagency agreement it has signed to share with or spin off functions to other federal agencies.

This decision formally ends the SAVE injunction that has forced over 7 million SAVE borrowers into economic limbo-pushing meaningful debt relief and affordable monthly payments out of reach. They added that they're calling on the department to implement the benefits of the SAVE plan and administer loan cancellation for borrowers on the SAVE Plan who are eligible for such relief immediately.

Under the SAVE plan, a borrower's monthly payment would be calculated based on income and family size and could be set as low as $0 per month for the lowest-earning borrowers.