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Student loans for millions of federal borrowers won't be halted under Trump's funding freeze, the Education Department says

The U.S. Department of Education has announced that student loan payments for millions of federal borrowers will continue despite a funding freeze proposed by former President Donald Trump. This decision comes in response to Trump's suggestion to halt funding for various federal programs, including student loan forgiveness initiatives. The Education Department clarified that the existing student loan repayment and forgiveness programs would remain unaffected by these proposed budget cuts. This assurance aims to alleviate concerns among borrowers about potential disruptions in their loan repayment schedules or the cancellation of debt relief programs. The statement from the Department underscores the commitment to maintaining support for student loan borrowers amidst political changes.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/careersandeducation/student-loans-for-millions-of-federal-borrowers-won-t-be-halted-under-trump-s-funding-freeze-the-education-department-says/ar-AA1y1BSH ]