Latest Industy Trends & News
Department of Education Proposes Settlement Over SAVE Plan
A proposed settlement aims to end the federal student loan forgiveness plan. This follows a successful legal challenge by several states, which led the courts to block the plan.
Interest Charges Resume for Millions of Student Loan Borrowers
Enrollees in the Biden-era SAVE plan could pay $300 more per month as legal challenges continue. The Trump administration is urging borrowers to switch plans.
Illinois Passes Bill Prohibiting Collection of Coerced Debt
On May 22, Illinois House Bill 3352 passed the Illinois legislature and now awaits Governor JB Pritzker’s signature. This bill amends the Illinois Collection Agency Act to provide an individual a way to avoid liability for a coerced debt.