Trump Education Department to shift 7.5M off unlawful Biden student loan repayment plan

13 hours ago 2

Rommie Analytics

WASHINGTON — The Department of Education is alerting students on Biden administration student debt repayment plans of a shift that will “streamline” the programs for millions. Under secretary of education Nicholas Kent told The Post in an interview that about 7.5 million individual student borrowers will have 90 days to exit Biden’s SAVE Plan starting July 1. In total, SAVE borrowers hold about $365 billion in outstanding debt, according to an Education Department spokesperson. “We have over 40 repayment and discharge options currently, and the system has become overly complex and very difficult to understand,” Kent said, describing the options...
Read Entire Article