Federal Student Loan Repayment Programs Removed without Notice
The Department of Education has unexpectedly taken down the online application form for several popular student debt repayment plans, leaving borrowers and experts uncertain about their options. The Trump administration's move to remove the application portal appears to be a response to a federal appeals court decision that paused Biden's SAVE program, an income-driven plan that would have forgiven debts after as few as 10 years of payments. The move could create complications for millions of Americans with outstanding loans.
- This sudden change highlights the risk of policy decisions being made in the shadows, without adequate consideration for their impact on vulnerable populations like student loan borrowers.
- Will the administration attempt to address the uncertainty surrounding these programs by issuing new guidance or providing alternative options for borrowers, or will they continue to leave students in limbo?