Trump Administration Restores Student Loan Forgiveness, Could Fuel Holiday Spending Boom

The Trump administration has agreed to resume student loan forgiveness for more than 2.5 million borrowers — a move that could inject billions of dollars back into the consumer economy just as the holiday season kicks off. The decision comes as part of a court settlement between Education Secretary Linda McMahon and the American Federation of Teachers, following a legal standoff over the administration's earlier freeze on key income-driven repayment plans.