Student Loan Crisis!

[Kalel]

Navient has accepted defeat from the Consumer Finanical protection bureau and is banned from servicing federal loans and anything related to it ever again

The CFPB will mail checks to consumers who are eligible...

https://www.cbsnews.com/news/navient-banned-federal-student-loan-servicing-borrowers/

CFPB Bans Navient from Federal Student Loan Servicing and Orders the Company to Pay $120 Million for Wide-Ranging Student Lending Failures | Consumer Financial Protection Bureau

Today, the Consumer Financial Protection Bureau (CFPB) filed a proposed order against the student loan servicer Navient for its years of failures and lawbreaking.

www.consumerfinance.gov

 

[Kalel]

What The Election Results May Mean For Student Loan Forgiveness, Repayment And Relief Programs

Here’s what Donald Trump's victory may mean for student loan forgiveness and repayment programs, and what to expect in the coming months.

www.forbes.com

 

[Veritable Quandry]

My loans were discharged under PSLF, but Mrs Quandry works for for-profit healthcare. So her payments will restart and we have no idea what that will look like.

 

[Kamilah Hauptmann]

My loans were discharged under PSLF, but Mrs Quandry works for for-profit healthcare. So her payments will restart and we have no idea what that will look like.

Lots of Americans leave for Europe and never set foot in America again because of the loans.

 

[Kalel]

With trump going back into office, mostforms of relief is expected to vanish. Bidens SAVE program will likely collapse. other loan forgiveness programs rooted deeper into the law may last alittle longer. but with plans not finalized until 2025, uncertainty is expected.
financial watchdog agencies expect chaos with repayment plans and increased fees...

6 Student Loan Forgiveness Updates As Trump Returns To White House

Here are six critical updates on federal student loan forgiveness and repayment initiatives as Trump plans his return to the White House.

www.forbes.com

 

[Kalel]

Loans won't go away...Anything protected by law would need an act of congress to change.. they would just be moved to a different agency like the treasury department. what will lose is knowledge and experts who will worked tirelessly in those groups. Without the government to back it up, states will be forced to re-invest into higher education. Loss of people will likely increase any processing delays... will likely get worse if government is shutdown.. PLSF is likely stalled and up in the air on what will happen next.

https://www.northjersey.com/story/news/education/2025/03/06/what-happens-student-loans-us-education-department-closes/81574960007/

The Department Of Education May Shut Down In Two Weeks, And Student Loan Programs Could Suffer

Here’s what student loan borrowers should know as the Department of Education plunges deeper into crisis.

www.forbes.com

 

[Kalel]

small business administration will be handling student loans i guess...

US Small Business Administration to oversee student loans

The Small Business Administration will now manage the loans of some 40 million US borrowers.

www.bbc.com

https://www.npr.org/2025/03/21/nx-s1-5336330/trump-education-department-student-loans-special-education-fsa

 

[GoblinCampFollower]

small business administration will be handling student loans i guess...

US Small Business Administration to oversee student loans

The Small Business Administration will now manage the loans of some 40 million US borrowers.

www.bbc.com

https://www.npr.org/2025/03/21/nx-s1-5336330/trump-education-department-student-loans-special-education-fsa

I'm sure they'll receive the staffing and funding needed to process all of that! Note my heavy sarcasm.

 

[Veritable Quandry]

They have no experience with student loans and are getting a 43% staff cut. They were responsible for the Covid era business loans which were some of the worst examples of fraud in government.

 

[Dancien]

I'm just not going to pay the rest of mine back. They can eat it.

 

[Casey Pelous]

small business administration will be handling student loans i guess...

US Small Business Administration to oversee student loans

The Small Business Administration will now manage the loans of some 40 million US borrowers.

www.bbc.com

https://www.npr.org/2025/03/21/nx-s1-5336330/trump-education-department-student-loans-special-education-fsa

No, they'll sell off the loans cheap to private lenders who have made adequately pro-Trump noises.

'nuff said.

 

[GoblinCampFollower]

I'm just not going to pay the rest of mine back. They can eat it.

An unintended(?) side effect of all these cuts is they just might forget about you, haha.

 

[Free]

An unintended(?) side effect of all these cuts is they just might forget about you, haha.

Considering the morons in charge, it's also possible they'll go after those who've already paid off their loans.

 

[Veritable Quandry]

Considering the morons in charge, it's also possible they'll go after those who've already paid off their loans.

I have hard copies of EVERYTHING on my Public Service forgiveness.

 

[Noodles]

small business administration will be handling student loans i guess...

US Small Business Administration to oversee student loans

The Small Business Administration will now manage the loans of some 40 million US borrowers.

www.bbc.com

https://www.npr.org/2025/03/21/nx-s1-5336330/trump-education-department-student-loans-special-education-fsa

It would be really funny if they were just like, "Yeah no, we are not doing that." And went ahead with Biden's loan forgiveness thing.

 

[Noodles]

No, they'll sell off the loans cheap to private lenders who have made adequately pro-Trump noises.

'nuff said.

Why are Millenials so dead set on killing the Predatory Loan Industry?