The Department of Education is facing potential shutdown, and a stop work order has stalled loan processing. If you’re waiting on repayment plan approvals, PSLF progress, or forgiveness updates, this could directly impact you.
We’ll break down what’s really happening, how this could affect your student loan strategy, and what to do if your application is stuck. Plus, we’ll dig into the possibility of the Treasury Department taking over student loans and what that might mean for borrowers. If you have federal student loans, you need to hear this.
Key moments:
(00:32) Republicans have been wanting to close the Department of Education since 1979 (04:38) Student loan policy isn’t really the priority for shutting down the Department of Education (06:12) Why borrowers should be concerned about the stop work order on income based repayment, forgiveness, and consolidation processing (11:49) Best advice for student loan borrowers for the next few weeks
Links mentioned:
Reddit IDR application link New paid newsletter SLP Insiders for exclusive content
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