Borrowers in default could see their tax refunds or other federal benefits withheld once collections resume. J. David Ake/Getty Images The Education Department will resume collecting on defaulted student loans early next month, restarting a system that’s been on hold since spring 2020, the agency announced Monday. Starting May 5, the department will withhold tax refunds
A day after White House officials said the Education Department would administer the student loan program, President Donald Trump announced that the Small Business Administration would be taking over the $1.7 trillion portfolio. He told White House reporters that the move would happen “immediately,” though he didn’t say how that process would work. Currently, federal law
Will the U.S. Department of Education be disbanded by Trump Administration? This video examines the historical foundation of the U.S. Department of Education, its mission to promote equal access and accountability in education, and the conservative-driven debate over its future. The Trump administration’s proposed cuts to the U.S. Department of Education have raised question by
Wall Street stocks closed higher on Tuesday as the first trading day of Donald Trump’s second presidential term was a positive one for major indices. At the close, the Dow Jones Industrial Average was up 1.24% at 44,025.81, while the S&P 500 advanced 0.88% to 6,049.24 and the Nasdaq Composite saw out the session 0.64%