US EditionTrump administration agrees to speed up student loan forgiveness under new court deal
Over 2 million borrowers on income-driven repayment plans are now eligible for resumed loan forgiveness, avoiding tax penalties on relief due to a recent federal agreement.
- The Trump Administration has reached an agreement with the American Federation of Teachers to continue processing student loan forgiveness programs until they expire in 2028.
- American Federation of Teachers President Randi Weingarten stated that the agreement provides immediate relief for borrowers who have been denied proper relief for years.
- The Department of Education paused application processing due to a court decision affecting loan programs, but has now agreed to resume processing for eligible borrowers.
- Under the agreement, student loan borrowers eligible for forgiveness this year will not owe federal taxes on that relief, according to the Trump Administration.
54 Articles
54 Articles
Associated Press News
Trump administration pledges to speed some student loan forgiveness after lawsuit
The Trump administration has agreed to resume student loan forgiveness for an estimated 2.5 million borrowers who are enrolled in certain in certain federal repayment plans following a lawsuit from the American Federation of Teachers.
Education Dept. Reaches Settlement on Student Loan Forgiveness for Income-Driven Repayment Plans
Relief has come for hundreds of thousands of people with federal student loans who are eligible but have not been able to apply for loan forgiveness. This is due to the Trump administration’s challenge to the Biden administration’s wider loan forgiveness program. The relief comes after a court settlement was reached for those on certain Income-Driven Repayment (IDR) plans. The American Federation of Teachers (AFT) union sued the Department of Ed…
Trump to Resume Loan Forgiveness for Teachers, Borrowers Until 2028
The Trump administration says it will cancel student debt for millions of borrowers under a new agreement with the American Federation of Teachers. The move marks a reversal from earlier efforts to block some loan forgiveness programs, the New York Post reported Monday. Under the deal, the White House will restart processing student loan forgiveness for borrowers enrolled in two income-driven repayment programs — Income-Contingent Repayment and …
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