Loans

What’s the Future of Student Loans and FAFSA if the Department of Education Goes Under?

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Although the Trump administration has reopened income-driven repayment plans for student loan borrowers, the future of federal financial aid remains very much uncertain. On March 20, US President Donald Trump signed an executive order to begin shutting down the federal Department of Education and turning over management of student loans to the Small Business Administration. … Read more

What Happens to the FAFSA and Student Loans if the Department of Education Shuts Down?

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It looks like federal student loans, including the FAFSA, could end up being managed by the Small Business Administration after US President Donald Trump signed an executive order last week to begin shutting down the federal Department of Education. Trump announced that the SBA would “immediately” begin handling the entire federal student loan portfolio, one … Read more