Posted on 03/14/2025 3:57:10 AM PDT by Oldeconomybuyer
NEW YORK (AP) — The Trump administration’s recent changes to student loans are causing frustration and confusion for some borrowers.
In response to a February court ruling that blocked some Biden-era programs, the Education Department has taken down online and paper applications for income-driven repayment plans.
“This especially hurts anyone who’s lost their jobs, including federal workers,” said Natalia Abrams, founder and president of the Student Debt Crisis Center. “A few months ago, they would have been able to get on a zero-dollar income-driven repayment plan.”
Adding to the uncertainty are layoffs at the Education Department, which oversees the federal loan system. The federal website for student loans and financial aid, StudentAid.gov, suffered an hours-long outage Wednesday, but the department has said it will continue to deliver on its commitments.
“It’s been wave after wave of bad news for student borrowers,” said Aissa Canchola Bañez, policy director at the Student Borrower Protection Center.
(Excerpt) Read more at apnews.com ...
Tell them to treat the student loan the same way they treat their car loan.
EC
Excellent observation.
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