How Trump Is Putting the Squeeze on Student Borrowers: QuickTake

The era of student loan leniency in the US is officially over. During the Covid-19 emergency, mandatory payments on federal student loans were paused to shield borrowers from the financial repercussions of missed bills. Even after the economy recovered, multiple extensions and a grace period meant they could get away with ignoring their debts.

President Donald Trump’s return to office has brought that period to a close. His administration has restarted collections on borrowers in default, who are now eligible to have their credit scores penalized; settled a lawsuit to end the most lenient income-driven repayment plan available to ...