"The Trump administration has reached a new agreement with the American Federation of Teachers (AFT) that could unlock long-awaited student loan relief for millions of borrowers," Moneywise reports.

... "Staffing shortages and layoffs within the Department of Education could slow down how quickly forgiveness applications are reviewed and processed, Megan Walter, senior policy analyst at the National Association of Student Financial Aid Administrators, told ABC News."

"Walter also noted that borrowers who keep making payments while their forgiveness applications are under review will get that money back if their application is approved. Still, she cautioned to keep pristine records."

... "Lastly, as Walters reminds, keep thorough records of every payment you make, including statements or screenshots, in case you need to verify your qualifying payments later. And be sure to watch for updates directly from the Department of Education."

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: 11/18/2025