The report also covers how new loan limits limit access to graduate degrees, creating financing gaps for women and borrowers of color, who will also pay more in lifetime payments. Together, these changes will increase gender and racial wealth gaps. www.americanprogress.org/article/the-...
The Devil Is in the Details: Trump Student Loan Changes Raise Costs and Weaken Safety Net for Borrowers
The Trump administration’s wide-ranging new policies will raise costs for student loan borrowers, restrict access to graduate education, and increase racial and gender wealth gaps.
americanprogress.org
Borrowers moving from the Biden-era SAVE plan to the new Repayment Assistance Plan could see student-loan bills rise by $2,163 annually on average, a new report says. https://bit.ly/4sfV2B9