4 days ago
Trump ends interest subsidy for Biden's student loan repayment plan
The Education Department on Wednesday said it will resume collecting interest on the student loans held by 7.7 million people enrolled in a Biden-era repayment plan that is tied up in the courts.
For the last year, borrowers in the plan, Saving on a Valuable Education, have been in an interest-free forbearance that postponed their payments while the government defended the program in court. Starting Aug. 1, those borrowers will lose the interest subsidy but can continue to postpone their payments.
