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Trump administration to start garnishing wages of student loan defaulters in January
CNBC Television· 2025-12-23 16:41
Getting some news out of Washington on student loans. For that, we'll turn to Emily Wilkins. Morning, Emily. >> Good morning, Carl.Well, yes, the Trump administration is announcing that they are going to be garnishing wages for Americans with student loans who are in default. Now, that's about 5 million Americans at this point, but the education department is actually expecting that to grow potentially to 10 million. This is, of course, the first time the Trump administration is looking at taking funds out ...
X @Bloomberg
Bloomberg· 2025-12-19 19:08
Yale University is creating a new program to offer student loans to graduate and professional students, now that the government is limiting the amount they can borrow though the federal lending program https://t.co/TZ9K5nangG ...
X @Forbes
Forbes· 2025-12-03 16:15
Student loan borrowers in a key repayment plan may be getting a major update in less than two weeks. And the news is probably not going to be good for their student loans. Here’s the latest: https://t.co/rLnBZdjcEM📸: Win McNamee via Getty Images https://t.co/Q5JRwQNNuX ...
Nursing degree loses 'professional' status due to Trump's 'big, beautiful bill'
MSNBC· 2025-11-25 21:48
Regulatory Changes & Funding Cuts - The Trump administration's bill removes nursing from the list of professional degrees, capping student loan borrowing options [1] - This reclassification limits access to funding for nurses, potentially hindering socioeconomic advancement, especially for women and minorities [3] - Federal funding for nursing education, exceeding $300 million, was stripped from the budget (Title 8 funding removal) [9] Impact on Nursing Profession - The change could shrink an already strained nursing workforce, potentially putting patients at risk [1][2] - Advanced practice nurses may be unable to borrow enough for school due to loan caps of $100,000 total and $20,500 per year [6][7] - Over 80,000 qualified applicants were turned away from nursing programs last year, mainly due to a lack of nurse faculty [12] Financial Implications & Loan Repayment - Advanced practice nursing programs can exceed $100,000 in cost [7] - Private loans, which nurses may turn to, are excluded from federal payback systems like public service loan forgiveness [7][8] - Cuts to Medicaid and subsidies are leading healthcare providers to cut tuition reimbursement for nurses [9] Workforce Conditions & Challenges - Nurses are more likely to be assaulted at work than prison guards or correctional officers [11] - Healthcare professionals, including nurses, report burnout and staff shortages post-COVID [10]