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Trump Administration Halts Forgiveness for 2 Million Borrowers

7/24/2025

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Summary

Story summary

The U.S. Department of Education, led by President Trump, has turned away 460,000 borrowers from lower repayment plans and halted student loan forgiveness for 2 million participants in the Income-Based Repayment program. These sweeping changes, tied to the controversial "One Big Beautiful Bill Act," threaten to burden borrowers with soaring monthly payments.

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Story summary

The U.S. Department of Education, led by President Trump, has turned away 460,000 borrowers from lower repayment plans and halted student loan forgiveness for 2 million participants in the Income-Based Repayment program. These sweeping changes, tied to the controversial "One Big Beautiful Bill Act," threaten to burden borrowers with soaring monthly payments.