Interest on SAVE plan student loans will resume Aug. 1
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Students logging into their student loan servicer accounts may not be able to see their progress in loan forgiveness payments after the Department of Education stalled payment counts.
Months later, the Education Department has unveiled drafted plans for the student loan forgiveness program that does just that. Proponents claim the proposed legislation would give one person unilateral power to remove organizations’ eligibility from the program as a form of political retaliation.
Under a proposed rule, the Secretary of Education could exclude some public and nonprofit workers from receiving Public Service Loan Forgiveness if their employer engages in what the government deems to be illegal actions.