MIAMI – President Donald Trump’s administration is no longer accepting applications online for some financial aid programs to help debtors pay for student loans.
The U.S. Department of Education’s site no longer had the applications for the Income-Driven Repayment or the Public Service Loan Forgiveness programs.
IDR allowed debtors to qualify for monthly payments that considered both their income and their expenses and SLF gave borrowers hope that years of payments could result in a forgiveness of the remaining debt.
Linda McMahon, the new secretary of education, released a statement on Monday saying the department will not be “building up government-run systems” and “will empower states and districts” instead.