"Many student loan borrowers can expect to get relief under the Trump administration’s recent agreement to resume forgiveness for certain student loans — good news for those working in lower-paying public service jobs and those facing financial hardship, Long Island financial aid officers said Tuesday," Newsday reports.

..."The deal still requires court approval, and it is not yet clear when it would take effect, said Megan Walter, a policy analyst with the National Association of Student Financial Aid Administrators. However, she said, it is expected to get a green light.

Many borrowers have been 'stuck in this limbo of not having anything processed and really with no resolution,' Walter said. 

The deal allows borrowers to avoid paying federal taxes on the forgiven debt if they become eligible by Dec. 31, even if their forgiveness gets processed after that date, Walter said."

NASFAA's "Notable Headlines" section highlights media coverage of financial aid to help members stay up to date with the latest news. Articles included under the notable headlines section are not written by NASFAA, but rather by external sources. Inclusion in Today's News does not imply endorsement of the material or guarantee the accuracy of information presented.

Publication Date: 10/23/2025