Trump’s student-loan repayment overhaul could push borrowers out of the federal system. Democrati…

Explore the latest developments concerning Trump's student-loan repayment.

Trump's student-loan repayment overhaul could push borrowers out of the federal system. Democratic lawmakers want to know if private lenders are ready.

Private student lenders are on track for some good years ahead, Democratic lawmakers said.

On Monday, Sen. Elizabeth Warren led some of her Democratic colleagues, including Sens. Bernie Sanders and Ron Wyden, in sounding the alarm on a potential influx of federal student-loan borrowers into the private lending market as a result of President Donald Trump's spending law.

Trump's legislation included a major overhaul to student-loan repayment, including capping borrowing on graduate and professional loans and condensing income-driven repayment options into two less-generous plans.

Business Insider previously reported that the changes could drive some borrowers away from federal lending and into the private lending market, which education experts said tends to have higher interest rates and riskier terms.

Has Trump made it harder to become a doctor or lawyer?

Dalea Tran has dreamed of law school for years, but she's never known how she might pay for it.

Unlike many aspiring lawyers, she wouldn't be following in her parents' footsteps. An accountant and a hair stylist, they arrived in San Diego with their families as child refugees from Vietnam. Tran, a 19-year-old rising sophomore at the University of California, San Diego, knew if she decided to go to law school, she'd have to work her way through a maze of student loans and financial aid packages.

For people like her, navigating that maze just became far more challenging.

Major changes are coming to higher education in the United States after President Donald Trump signed his major domestic policy bill into law. Among them is an end to Grad PLUS loans, a program that helps people pay for medical school and law school. Since Congress created the loans, direct from the federal government, in 2006, they have covered the full cost of attending graduate and professional school for nearly 2 million students.

For more detailed information and comprehensive insights, explore recent updates concerning Trump's student-loan repayment.

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