Source link : https://new-york.news/2025/10/05/how-trumps-overhaul-of-the-department-of-education-could-impact-your-student-loans/
The Trump governance’s efforts to dismantle the Department of Education have raised pressing questions about the future of student loans and federal financial aid programs. As the federal agency responsible for overseeing billions in student loan portfolios faces critically important restructuring, borrowers and education advocates alike are bracing for potential changes that could impact repayment, loan forgiveness, and access to higher education funding. NBC New York takes an in-depth look at the implications of this policy shift and what it means for millions of American students and graduates navigating the complexities of student debt.
Trump Administration Moves to Reduce Department of Education Authority
The Trump administration has taken significant steps to curtail the influence of the Department of Education, signaling a shift in federal priorities when it comes to managing student loans and higher education oversight. Central to this agenda is the proposed reduction of regulatory authority, which would transfer some responsibilities to states and private lenders.Advocates argue this approach promotes efficiency and reduces federal bureaucracy, while critics warn it could weaken protections for borrowers, potentially leading to increased financial risk for vulnerable students.
Key changes under consideration include:
- Scaling back federal oversight on student loan servicers,potentially affecting borrower assistance programs.
- Promoting income-driven repayment…
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Author : Charlotte Adams
Publish date : 2025-10-05 18:56:00
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