Trump’s Student Loan Repayment Changes: What To Know

Newsweek

Betsy Mayotte, president of the Institute of Student Loan Advisers, told Newsweek that most of the negotiations will be “restricted to implementing the budget reconciliation bill. The ED [Department of Education] is required to draft regulations to implement those changes in federal law. I haven’t seen too much in the proposals that go beyond that scope, but it’s a little early to tell for sure.”

She added: “Most student loan activities are done by contractors. As has been the case in past shutdowns, the ED will continue to issue new Pell grants and federal student loans. Borrowers will still be due payments and will be able to work with their loan servicers for questions and payment plan applications etc. PSLF and other programs are also, for the most part, unlikely to be affected.”