Student-loan borrowers are struggling with repayment. A new federal report shows a key reason.

Student-loan borrowers are struggling with repayment. A new federal report shows a key reason.

Student-loan borrowers are facing significant challenges with repayment, and a new federal report highlights that drastic cuts in the Education Department's oversight offices are a major reason. The report from the Education Department's inspector general reveals that the Trump administration's budget reductions have weakened the system's ability to manage and support borrowers. This weakening is likely contributing to higher rates of default and borrower frustration, underscoring the importance of strong administrative support in managing student loan programs.

Original Source

Read the full article at Businessinsider →

KhanList aggregates and links to publicly available news content. We do not host full articles from third-party sources. Always verify important information with original sources.