#studentloan — Public Fediverse posts

Multiple sources at #FSA who could not speak publicly for fear of #retribution said they were blindsided by the news.

Logistical challenges aside, the role of the office of Federal #Student #Aid as the administrator of the #StudentLoan portfolio is protected by #law. It's not clear how these responsibilities could be #legally moved w/o a vote of #Congress. [not that #Trump cares]

#USpol #Musk #DOGE #law #FederalAgencies #Education #StudentLoans #regulation #kleptocracy #corruption

#Teachers sue #Trump admin for stopping affordable #StudentLoan repayment plans

The American Federation of Teachers represents 1.8 million educators.

By Leah Sarnoff, March 19, 2025

"One of America's largest unions is taking aim at President Donald Trump's administration for shutting down access to affordable student loan repayment plans -- saying the decision is 'effectively breaking' the system.

"The American Federation of Teachers (#AFT), representing 1.8 million educators across the country, filed a lawsuit against the #DepartmentOfEducation in Washington, D.C., hoping to restore the programs that have now been shuttered for three weeks.

"The filing alleges the administration halting the application process for all Income-Driven Repayment (#IDR) plans and ordering student loan servicers to stop all processing violates #FederalLaw.

"AFT sued the United States Department of Education (ED) for effectively breaking the student loan system, denying borrowers' access to affordable loan payments and blocking progress towards Public Service Loan Forgiveness (#PSLF), in violation of federal law,' the union said in a statement Wednesday."

https://abcnews.go.com/Politics/teachers-sue-trump-admin-stopping-affordable-student-loan/story?id=119965907
#CharacteristicsOfFascism #BadDOGE #ResistDOGE #Authoritarianism #USPol

It looks like my #studentloan payments just abruptly went up by $1,000/mo. again. So, I guess this will be three times I've had to re-apply for a IDR/SAVE plan with #MOHELA in the past 3 months.

I have now passed 1 hour on hold to speak with a #Mohela agent about a question on my #StudentLoan #PublicServiceLoanForgiveness forms.

So, this all seems like it’s going great.

Reset Button is approaching student debt from a new angle - Student loan debt in the U.S. totals $1.5 trillion, and more than 44 million Americans have outstand... more: http://feedproxy.google.com/~r/Techcrunch/~3/_QG6h6r7Gxg/ #craftventures #jeffmorrisjr. #lambdaschool #slowventures #unitedstates #resetbutton #studentloan #government #bankruptcy #robhunter #startups #congress #finance #economy #newyork #policy #lawyer #judge #money #debt #ceo #tc

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