Latest in Finance and Education
Massive Layoffs May Have Big Impact at the Office of Federal Student Aid
Significant layoffs at the U.S. Department of Education’s Office of Federal Student Aid are expected to affect the administration of federal student aid programs. The reduction in staffing raises concerns about potential challenges in effectively managing these programs moving forward.
More on the Impact of the Layoffs
U.S. Department of Education Office Closure and Layoffs
Major changes underway at the U.S. Department of Education, including a temporary office closure and cutting 50% of its staff. These moves have raised concerns among students and borrowers about the future of crucial programs like FAFSA and federal student loans.
Executive Order Limiting Public Service Loan Forgiveness (PSLF)
A recent executive order from President Trump proposes changes to PSLF, potentially disqualifying borrowers working for organizations with a "substantial illegal purpose." This has raised concerns among public service employees and federal student loan borrowers. Legal challenges are expected.
Here's the latest info about Public Student Loan Forgiveness
Executive Order to Dismantle Department of Education On Hold - For Now
The U.S. Department of Education has announced that the SAVE Plan Forbearance will continue until at least September, with the first payments due in December 2025. It is an opportunity to regroup or plan for repayment.
Find out more about the recent Department of Education update
Navigating the SAVE Plan Forbearance, Should You Switch Repayment Plans
The U.S. Department of Education has announced that the SAVE Plan Forbearance will continue until at least September, with the first payments due in December 2025. It is an opportunity to regroup or plan for repayment.
Get more information on the SAVE plan forbearance
In Case You Missed It
The Fall-Out From the SAVE Plan Block
U.S. Department of Education Pulls Income Driven Repayment Application