NewsEducation

Actions

Changes could be coming to federal student loan system

Changes could be coming to federal student loan system
Posted
and last updated

(KERO) — The Biden Administration announced new changes to the federal student loan system.

Some of the elements of the new proposal include changes to how interest accrues for a federal student loan. It also includes an overhaul of the public service loan forgiveness system.

The proposal would expand protection for defrauded borrowers. That means students who attended for-profit schools that lied or took advantage of them could be considered for debt cancellation as a group.

These changes could impact as many as 40 million Americans.

The public has 30 days to comment on the Education Department’s proposed regulations And the final rules will go into effect no later than July 1st of next year.



,

Weather

Daily Forecast

View Hourly Forecast

Day

Conditions

HI / LO

Precip

Monday

06/30/2025

Clear

-° / 72°

0%

Tuesday

07/01/2025

Clear

103° / 71°

0%

Wednesday

07/02/2025

Clear

102° / 73°

0%

Thursday

07/03/2025

Clear

103° / 69°

0%

Friday

07/04/2025

Clear

96° / 67°

0%

Saturday

07/05/2025

Clear

96° / 68°

0%

Sunday

07/06/2025

Clear

99° / 70°

0%

Monday

07/07/2025

Clear

101° / 71°

0%