This is a five-alarm fire exacerbating America’s affordability crisis.
Summer should be a time to take a well-earned vacation and enjoy being with family and friends. But for millions of Americans, summer arrived with a surprise bill from President Donald Trump and Education Secretary Linda McMahon that jacks up their student loan payments.
Hidden in Trump’s so-called Big Beautiful Bill were several cruel and costly student loan provisions that went into effect on July 1. This “revamping” of the federal student loan system forced borrowers into expensive repayment programs. And for what? To pay for the president’s $1 trillion in tax breaks for the wealthy and big corporations. The average family will now pay $4,000 more on…