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Trump faces renewed push to cancel student debt for eligible borrowers and stop the transfer of accounts to the Treasury

  • Sen. Elizabeth Warren and more than 60 House and Senate Democrats urged Education Secretary Linda McMahon to cancel eligible student debt, clear relief backlogs, pause involuntary collections, and stop transferring defaulted accounts to the Treasury.
  • Student-loan defaults are at a record high โ€” about 7.7 million borrowers in default and another 3 million delinquent โ€” leaving millions at risk of wage garnishment or benefit seizure.
  • A sweeping Trump administration overhaul starts July 1 (including elimination of the SAVE plan), which could raise many borrowers' monthly payments and is prompting people to brace for higher costs.
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