Kimberly Adams

We'll be right back.

All right.

We are back with Betsy Mayotte.

There was some news on this that broke on Friday.

The Department of Education rolled back what was a pretty controversial decision to start garnishing the wages of federal student loan borrowers in default.

Can you talk about how they got to that original decision and why they're putting it on hold?

What are some of those H.R.

1 provisions, and H.R.

1 being what many refer to as the One Big Beautiful Bill Act?

It made quite a few changes to federal financial aid programs.

Can you explain what it actually means to be in default?

One of the other changes in H.R.

1, the One Big Beautiful Bill Act, has to do with parent plus loans.

These are the loans that parents take out instead of the student to help them cover their college expenses.

And then the parents are on the hook for paying it back, not the student.

Can you lay out the changes coming there and how parents should get ready?

Are there any changes coming down the pipeline that people should be aware of in the private student loan market?

What advice do you have for students and parents trying to make a decision in this environment about whether or not to even take out student loans or how much to take them out for?

Well, thank you so much for making us smart on this.

Betsy Mayotte is the founder and president of the nonprofit, the Institute for Student Loan Advisors.