Student Loans & Trump’s New Rules: What You Need to Know
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Millions of American Students Still Carry Debt
There are more than 43 million American citizens carrying student loan debt, including many in their 40s, 50s, and even 60s.
Source:freepik
One Big Beautiful Bill Spotlight
Trump’s sweeping tax plans and the One Big Beautiful Bill brought student loan forgiveness and repayment rules back into the limelight after a short time.
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New PSLF Rules Proposed by the Trump Administration.
Organizations' eligibility will be impacted by new regulations that the current administration has proposed for the Public Service Loan Forgiveness program.
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Disqualifications Possible?
The rules may disqualify organizations involved in “substantial illegal purposes,” impacting many borrowers seeking forgiveness from the administration.
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Power to the Education Secretary Given!
If implemented, the changes will increase the education secretary’s power to decide PSLF eligibility, making forgiveness harder for the people.
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Future of Student Forgiveness?
Experts and citizens are raising concerns about the future of student loan forgiveness under these new rules after the proposal.
Source:freepik
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