Trump Administration Rescinds Federal Funding Freeze
Trump’s administration rescinded a Project 2025-inspired order that had abruptly frozen most federal grants and loans.
Trump’s administration rescinded a Project 2025-inspired order that had abruptly frozen most federal grants and loans.
The proposal would allow the Secretary of Education to forgive loans where borrowers are unlikely to repay due to severe hardship or where continued collection costs are deemed unjustified.
The action brings the administration’s total loan forgiveness to over $175 billion for more than 4.8 million Americans.
According to the Department of Education, this latest round of forgiveness brings the total debt relief under the Biden administration to $168.5 billion, benefiting approximately 4.8 million Americans.
It’s critical to understand the ins and outs of borrowing for college before taking out a loan.
President Joe Biden’s ongoing efforts to alleviate the burden of student loan debt have hit another significant obstacle.
With a record $1.7 trillion in outstanding student loan debt among U.S. students, it’s likely that your own debt is burdensome on your wallet. Here are several tips that can help.
One of the central aims of the proposals is to address the disproportionate debt burden borne by communities of color, mainly Black and Latino borrowers.