POLITICSBUSINESS INSIDER
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.
Mentioned
Elizabeth WarrenpersonJeff MerkleypersonAyanna PressleypersonAndré CarsonpersonLinda McMahonpersonDepartment of EducationorganizationTrump administrationorganizationPublic Service Loan ForgivenesstopicTotal and Permanent Disability dischargetopicborrower defense to repaymenttopicSAVE plantopicTreasuryorganization
Related Signal
Adjacent reporting
- Millions of student loan borrowers on SAVE plan will soon need to find a new repayment option
- Millions of student-loan borrowers risk facing debt collectors who were penalized for 'misleading' behavior
- Student loan forgiveness paths have changed under Trump. How to navigate them
- Millions of student loan borrowers on SAVE plan will soon need to find a new repayment option
- 2.6 million student loan borrowers fell into default in early 2026: New York Fed
- What to know about the major student loan changes coming July 1