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#studentloans

111 posts19 participants9 posts today

"A provision tucked inside a sweeping bill signed into law by President Donald Trump last week will make it harder for thousands of aspiring doctors to finance their education as the country faces a growing shortage in that profession.

The move will cap the amount of federal loans students can borrow for...professional programs, such as medical, dental or law school, at $50,000 a year, with a total limit of $200,000."

nbcnews.com/politics/congress/

NBC News · Medical students fret over student loan cap in 'big, beautiful bill'By Shannon Pettypiece
Continued thread

In a totally #propaganda laden statement Secy of #Education #LindaMcMahon wrote, “For years, the Biden Administration used so-called 'loan forgiveness' promises to win votes, but federal courts repeatedly ruled that those actions were unlawful. Since day one of the Trump Administration, we've focused on strengthening the student loan portfolio and simplifying repayment to better serve borrowers."

#StudentLoans interest charges to kick back in for roughly 8 million borrowers

Interest charges will return on Aug. 1 after a yearlong pause on payments.

Roughly 8 million student loan borrowers will see their interest charges restart next month, #Trump Dept of #Education announced Wednesday.

Borrowers on the #Biden-era Saving on a Valuable Education Plan — about 7.7 million people — will have interest charges return on Aug. 1 after a yearlong pause on payments.

#law
abcnews.go.com/Politics/studen

ABC News · Student loan interest charges to kick back in for roughly 8 million borrowersBy Arthur Jones II