student debt

TRUMP ADMINISTRATION SUSPENDS SOME STUDENT LOAN REPAYMENT PLANS

 

Some borrowers will have to pay more


By G. A. McNeeley 

 

April 1, 2025 (Washington D.C.) — Some student loan borrowers are seeing their payment plans get suspended, which means their payments are rising. This has to do with changes at the Education Department implemented by President Donald Trump’s Administration. 

 

Approximately 43 million Americans have some kind of student loan debt, according to Newsweek. 

The Education Department reported that Americans collectively have $1.5 trillion in student debt nationwide. 

 

Trump has made efforts to dismantle the Education Department, and said that student loan programs could be moved to different agencies if the department is eliminated. Nearly half of all Education Department workers are being laid off, as the agency undergoes major restructuring. 


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GOT STUDENT LOANS? APPLICATION NOW OPEN FOR NEW STUDENT DEBT RELIEF PLAN OFFERED BY BIDEN ADMINISTRATION

By Miriam Raftery

August 23, 2023  (Washington D.C.) – On Tuesday, the Biden launched an application for a new student loan repayment plan called the SAVE Plan, or  Saving on a Valuable Education Plan. Borrowers can sign up and learn details at https://studentaid.gov/announcements-events/save-plan .

This is a revised plan after an earlier effort to forgive student loans was blocked by the Supreme Court, though Republicans have also filed a challenge to the new plan.

The new SAVE plan calculates repayment based on the borrower’s income family size. According to the White House fact sheet, it will cut many borrowers’ monthly payments to zero,  save others around  $1,000 a year,  and prevent balances from growing because of unpaid interest. 

Specifically, the SAVE plan will:


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CONGRESSWOMAN SUSAN DAVIS HOSTS COLLEGE AFFORDABILITY FORUM NOV. 10 AT GROSSMONT COLLEGE

 

 

November 9, 2015 (El Cajon)--As student loan debt is reaching record proportions, Congresswoman Susan Davis (D–San Diego) will host a forum on college affordability on Tuesday, November 10 at 6:30 p.m.  (Registration is at 6 p.m.) The forum will include representatives from the Department of Education and financial aid officers from local colleges, as well as a Legal Aid Society lawyer will discuss student consumer rights.

Experts will be on hand to answer questions about the Free Application for Federal Student Aid (FAFSA), other types of student aid for high school and college students, the applications process, as well as responsible loan ownership. Learn about recent changes announced to the FAFSA.


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READER’S EDITORIAL: THE COMING STUDENT LOAN FREIGHT TRAIN

By Jake Christie

February 20, 2013 (San Diego’s East County)--I could’ve called it a “bomb” or a “fiasco”, but I prefer to call the mess that is the American private and public student loan system a “freight train” because the light at the end of the tunnel is an oncoming high-speed double diesel pulling 25 cars full of heavy loads.  The numbers surrounding the student loan mess are horrifying; the total student loan debt out is one trillion dollars, which is the entire US government budget in a year. Of that amount, $76 billion is in default, though Allan College of StudentLoanJustice.org put out a press release* doubting that figure because even defaulted loans have interest piled on top of them.


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