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22hon MSN
The House Rules Committee is debating President Donald Trump’s sweeping domestic policy bill, which proposes a major overhaul of student loan programs and repayment plans in order to fund the bill’s tax cuts—with critics saying it could force some toward taking out private loans and increase monthly payments for others.
With the Department of Education this month resuming collections on student loans, millions of Americans are at risk of having their wages garnished.
The Education Department previously disclosed that more than 1.98 million IDR applications were pending at the end of April.
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Nordot on MSNEconomist praises Trump for restarting student loan paymentsPresident Donald Trump is correct to restart student loan payments, according to an economist interviewed by The College Fix. “The Trump administration has already taken many positive steps toward addressing this issue,
Lacourdaire Camargo in the Little Village neighborhood of Chicago, where has she lived nearly her entire life. After working for many years, Camargo went back to school in order to gain financial stability. But the student loans she borrowed are hurting her ability to save for a home and for retirement.
Millions of borrowers who are late on their student loan payments are at risk of falling behind on other debts, the New York Fed says.
5don MSN
Retirees in or near student-loan default face garnished Social Security funds. Even those who support Trump's debt-collecting efforts are worried.
After the House passed a bill for Trump’s agenda by a single vote, the measure faces more hurdles in the Senate. But don’t bet against it becoming law.