Trump’s freezing is stopped. What should financial aid and student loan know?

If you depend on federal students ’loans, give Pell or any other type of federal financial aid to pay for your tuition fees, you may be concerned about freezing federal financing that was announced and then temporarily stopped on Tuesday.

Before the Trump Vance Federal financing was frozen, it was Prohibited By the United States, Judge Lauren Alejhan. The Federal Court is prohibited from stopping the money that was already scheduled to be disbursed, but allows the administration to freeze new financing.

The date of a hearing to review the case was set on Monday at 11 am East time. The court order will continue until February 3 at 5 pm Each time.

What does this mean for student loans? If the court rules that the White House can freeze all federal financing, then it is not expected to affect federal aid that is provided to individuals. the The Federal Aid Office issued a statement However, the freezing of financing should not affect the fourth chapter boxes, such as federal students ’loans or Pell.

This does not mean that all financial funding for students is safe. Eileen Robin, a student loan expert, said Cnet Money Expert Expert Member.

For example, federal work study and additional education opportunities can be affected as these funds are sent to colleges to provide assistance to students, said Mark Cantroitz, financial aid expert, said, said. Member of the CNET Money Expert Expert Review Council. However, it was already possible to allocate most of this money for the spring period, so these programs could not be affected by freezing.

Experts say students should not worry about their financial assistance to the current semester.

“Students must expect their federal assistance to be available for the spring,” Robin said. “The college’s financial aid officials are still actively participating in monitoring policy changes and assessing their potential impact on those who serve them.”