Edvisors

NASFAA has reported ongoing technical issues affecting users attempting to access and complete the FAFSA. As of now, the U.S. Department of Education has not released any updates addressing these problems. We will continue to monitor the situation closely and provide updates on the #FAFSA challenges as new information becomes available. #FAFSA #departmentofeducation #highereducation #financialaid

Yesterday, the U.S. Department of Education (ED) announced sweeping layoffs, cutting 50 percent of its workforce. These reductions have affected several critical areas of the department, including the Office of Federal Student Aid (FSA). Although Secretary of Education Linda McMahon has stated that federal student aid programs will continue to operate, the scale of the layoffs and their impacts raise significant concerns about how these programs will sustain operations. Read more here: https://hubs.la/Q03bzGkh0

Substantial changes are happening at the U.S. Department of Education (ED), and it’s raising a lot of questions for students who depend on programs like FAFSA and federal student loans. Employees at the U.S. Department of Education (ED) were informed that all physical offices will be closed on Wednesday, March 12. This directive followed an announcement that the agency would be laying off 50 percent of its workforce. Read more here: https://hubs.la/Q03bxCN-0

Student loan borrowers relying on Public Service Loan Forgiveness (PSLF) may face uncertainty following a recent executive order from President Trump. The order proposes changes to which organizations qualify for PSLF, potentially impacting borrowers employed by certain organizations deemed to have a "substantial illegal purpose." While this proposal is expected to face legal challenges, it has generated concern among public service employees and federal loan borrowers who are actively working towards PSLF. Read more here: https://hubs.la/Q03bl_sq0

Easily search and explore thousands of scholarships with our new Scholarship Finder. We’ve started you off with general options, but you can find even more by using filters that match your needs. The right filters will help you discover the best opportunities for you. Start searching now and find the funding you need! Log in or create an account to begin: https://hubs.la/Q039vJSD0

The Trump administration appears to have stepped back from its initial swift efforts to begin dismantling the U.S. Department of Education. Just last Monday, Linda McMahon was confirmed as Secretary, and reports earlier this week suggested that an executive order was imminent. However, the White House Press Secretary has clarified that such reports are premature, as the administration is still reviewing and coordinating plans for the Department. Read more here: https://hubs.la/Q039RL5m0

What happens if the U.S. Department of Education is Eliminated? With ongoing executive orders and constant discussions about potential changes, it’s no wonder many student loan borrowers feel uncertain about the future of their accounts. Watch here: https://hubs.la/Q039LpBG0

Navigating the complexities of student loans can often feel overwhelming. For borrowers enrolled in the Saving on A Valuable Education (SAVE) Plan, recent months have offered a temporary reprieve through administrative forbearance, which pauses both payments and interest accrual. While this break may provide short-term financial relief, it’s crucial to use this time wisely to prepare for repayment. The U.S. Department of Education has announced that this forbearance will continue until at least September, with the first payments due in December 2025. This extended window presents an opportunity to either regroup financially or actively plan for repayment. Read more here: https://hubs.la/Q039vGZM0

On February 18th, a federal appeals court blocked the SAVE Plan. They ruled that the Biden administration did not have the authority to establish the SAVE income-driven repayment plan. The SAVE Plan offered lowest monthly payments for most borrowers, curbed "runaway" interest, and provided accelerated paths to loan forgiveness. In addition to the block on the SAVE Plan, the court’s decision carries further implications. Forgiveness offered under Income-Contingent Repayment (ICR) and Pay As You Earn (PAYE) have been paused as a result of the ruling. Read more here: https://hubs.la/Q038qhx20

Following the SAVE Plan ruling, the U.S. Department of Education has removed the electronic applications for Income-Driven Repayment (IDR) plans and Direct Consolidation loans from https://hubs.la/Q038qqwY0. The decision was made without prior notice or detailed guidance, with the department citing the SAVE Plan ruling as the reason for the removal. Read more here: https://hubs.la/Q038qdpc0