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The Nexus
POLITICSJun 8 · 09:02 UTCBUSINESS INSIDERAyelet Sheffey ([email protected])

Trump faces renewed push to cancel student debt for eligible borrowers and stop the transfer of accounts to the Treasury

Democratic lawmakers led by Sen. Elizabeth Warren urged the Education Department to provide student-debt relief to eligible borrowers and halt the transfer of defaulted accounts to the Treasury. They criticized Trump's student-loan changes, including the elimination of the SAVE plan and new repayment rules, which they argue could increase defaults. Over 7.7 million borrowers were in default by 2025, with lawmakers seeking to pause involuntary collections and clear backlogged applications.

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Trump faces renewed push to cancel student debt for eligible borrowers and stop the transfer of accounts to the Treasury · The Nexus