๐ฐ News Alert...
๐ Title: Student-Loan Borrowers Grapple with Uncertainty Amid Sweeping Debt Relief Changes
๐๏ธ Published: 2025-12-29T15:01:41.000Z
๐ Summary: Over the past year, President Trump has introduced major reforms to the student-loan landscape, including eliminating the SAVE repayment plan, limiting eligibility for Public Service Loan Forgiveness (PSLF), and imposing new borrowing caps on graduate programs. These changes, set to begin rolling out in July 2026, have left millions of borrowers like nurse Misty Knapp stuck in a stressful limbo, uncertain when or if they will receive the debt relief they counted on. The Department of Education emphasizes that the reforms aim to reduce unmanageable debt burdens, but many borrowers worry about rising monthly payments and future financial stability. Additionally, the expiration of tax-free treatment on forgiven loans next year could introduce unexpected tax liabilities for those finally receiving forgiveness. As borrowers navigate these shifting policies, voices from public servants to graduate students highlight the urgent need for clearer communication and support.
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Business Insider
Student-loan borrowers face a slew of changes in 2026: 'It's going to be very scary to figure this out."
From paused student-loan repayment plans to new debt relief limits, 2026 brought critical changes to borrowers. There's a lot more in store.
๐๏ธ Source: Business Insider
๐ #StudentLoans #DebtRelief #PublicServiceForgiveness