The Department of Education plans on denying 460,000 student loan borrowers from accessing the SAVE repayment plan.

Grad PLUS loans will be eliminated. Graduate students will still be able to borrow federal student loans, but will be capped at $20,500 annually, $100,000 total. Federal student loan borrowers will now have a lifetime limit, considering undergraduate and graduate education, of $257,500 in federal student loans.

Trump’s firing of 1,300 DOE workers is bad news for all student loan recipients and K-12 students alike. Truthout’s independent journalism is funded by readers like you. Support journalism for the 99 percent: Make a one-time or monthly donation during our fundraiser.

U.S. federal student loan borrowers had a lot of leeway under President Joe Biden. That’s changing under President Donald Trump.

Cars are a necessity for many, as public transit is insufficient or inconvenient to get to work across most of the country. Cars are also expensive, which means financing is required by most to purchase even a used vehicle.