Reported 1 day ago
President Trump's recent executive order aims to dismantle the Department of Education, raising concerns for the nearly $1.8 trillion of student loan debt held primarily in federal loans. While the department's staff has been significantly reduced, experts suggest that most federal student loan operations are handled by servicers, meaning direct impact on borrowers may be limited. However, potential delays in loan processing and upcoming changes to forgiveness plans are points of concern for borrowers as the situation unfolds.
Source: YAHOO