April 16, 2025

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What happens to student loans if Trump abolishes Education Department?

Mixed reactions to Trump’s order to dismantle Education Department Residents in Columbia, Missouri, and New York City reacted to President Donald Trump’s executive order aimed at dissolving the Education Department. WASHINGTON — President Donald Trump signed a long-anticipated executive order seeking to eliminate the U.S. Department of Education, which he said was “45 years in

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Trump aims to shut down the Department of Education with a new executive order. Here’s how that could affect student loans and local schools.

In a move he’s been signaling for months, President Trump is expected to sign an executive order Thursday aimed at abolishing the U.S. Department of Education. Newly confirmed Education Secretary Linda McMahon must “take all necessary steps to facilitate the closure of the Education Department,” read a draft of the order that circulated in early

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5 Best Short-term Business Loans for 2025

If your business needs immediate funding, short-term loans can be a good option to cover cash flow gaps or expansion plans. Loan amounts typically range from $2,500 to $500,000, with repayment terms of three months to two years. While interest rates can be higher than traditional loans, approvals often happen within 24 hours, making it

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CT man cashed in on car loans without buying the car

A Connecticut man was sentenced to two years in prison for defrauding multiple credit unions and banks through an auto loan scheme, according to federal authorities. Ronnie Bonner, 64, of Hartford, also was sentenced by U.S. District Judge Stefan R. Underhill in Bridgeport to three years of supervised release. Authorities, citing court documents and statements

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Large San Joaquin Valley grower faces a $105 million lawsuit over defaulted loans

SJV Water is an independent, nonprofit news site covering water in the San Joaquin Valley, www.sjvwater.org. Email them at sjvwater@sjvwater.org A bank is suing large San Joaquin Valley grower John Vidovich for more than $105 million in allegedly defaulted loans and is demanding the foreclosure and sale of large swaths of farmland, solar sites, a

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What happens to student loans, FAFSA after deep Education Dept. cuts?

We’ve set out to answer other questions you might have about the deep Education Department cuts and what they might mean for your student loans, your child’s IEP and campus programs. Education Department employees received termination notices An email sent to employees at the Education Department told staff not to come into work on Wednesday.

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What will happen to student loans, FAFSAs, and IEPs with the Department of Education cuts?

The U.S. Department of Education is facing a major shakeup, with staff cuts slashing nearly 50% of its workforce as of March 2025. With the Trump administration pushing to downsize or even dismantle the agency, millions of students, parents, and educators are left wondering: what’s next for student loans, the Free Application for Federal Student

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Government shutdown and services that would be reduced or closed

Chuck Schumer to vote to advance GOP funding bill Democratic Senator Chuck Schumer says he will vote for the GOP funding bill to avoid a government shutdown. The Senate will vote on a stopgap funding bill to avert a government shutdown. Democrats may vote against the bill in protest of President Trump’s policies. If the

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What happens to my student loan?

Teachers union leader responds to Education Department cuts President of the American Federation of Teachers Randi Weingarten responded to Donald Trump’s Education Department cuts. The Trump administration is cutting about half of the U.S. Education Department’s workforce, including cuts in divisions that oversee federal student loans. There are over 900,000 student borrowers with $32.1 billion

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Bank Loans Drive Ukraine’s Energy Expansion – But It Wasn’t Enough

To cushion against deficits caused by Russian attacks on Ukraine’s energy infrastructure, Ukrainian companies and citizens borrowed $336 million to create an extra 549 megawatts (MW) of power generation in the past nine months. For context, 1 MW can power approximately 670 homes in the US simultaneously, though the results can differ depending on the

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