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Latest in Loans & Lending
Nearly 7 million borrowers on the SAVE plan must switch to a new repayment option as older plans disappear
More than 7 million federal student loan borrowers enrolled in the now-defunct SAVE repayment plan face a forced transition starting this month, with loan servicers...
Parent PLUS borrowers who take a new loan after July 1 lose access to income-driven plans
Parents who borrow federal loans to help pay for a child’s college education after July 1, 2026, will no longer be able to enroll in...
The new RAP student-loan plan sets payments at 1% to 10% of income, minus $50 per child
Millions of federal student-loan borrowers with children stand to see sharply lower monthly bills starting next summer. The U.S. Department of Education has finalized a...
A new income-based student-loan plan called RAP replaces SAVE this month
Federal student-loan borrowers with dependents face a direct financial shift starting this month, as the Repayment Assistance Plan, known as RAP, opens for enrollment on...
Taking out one new student loan can lock you out of your old repayment plan
Federal student loan borrowers returning to school or picking up a graduate degree after July 1, 2026, face a quiet but serious trap. A single...
Public Service Loan Forgiveness cleared 11,000 more workers as a court blocked new limits
A federal judge blocked the Trump administration from restricting which public-sector employers qualify under the Public Service Loan Forgiveness program, preserving debt cancellation access for...
The average new-car payment hit a record $777 a month as loans stretch past seven years
American car buyers are now spending a record $777 a month on new-vehicle loans, and nearly one in four of those loans will take at...
Restarted student-loan collections can garnish wages, tax refunds, and part of your Social Security check
Borrowers who defaulted on federal student loans now face the return of the government’s most aggressive collection tools: wage garnishment, tax-refund seizures, and reductions to...
The SAVE student-loan plan is ending, and 7.5 million borrowers get 90 days to switch
Roughly 7.5 million federal student-loan borrowers enrolled in the SAVE repayment plan now face a hard deadline to pick a new path or be pushed...
Enroll in automatic student-loan payments by September 30 and the government trims your interest rate by 1%
Federal student-loan borrowers who sign up for automatic payments by September 30, 2026, will receive a 1 percent interest-rate reduction on eligible Direct Loans, a...
$50 a month toward your loan principal is the new match when a student payment barely dents the balance
Federal student loan borrowers enrolled in income-driven repayment plans are watching their balances grow even as they make every required payment on time. The math...
46,000 borrowers rushed into the new student-loan plan on day one, and new borrowers get no other choice
Tens of thousands of federal student-loan borrowers moved quickly when the U.S. Department of Education opened enrollment in its new Repayment Assistance Plan, with reports...
A new federal student-loan plan sets your payment at 1% to 10% of income, or $10 a month
Federal student-loan borrowers earning less than $30,000 a year will soon face a sharply different repayment structure. Public Law 119-21, enacted on July 4, 2025,...
2.6 million more borrowers were pushed into student-loan default collection early this year
About 2.5 million borrowers fell into default on federal student loans between September and December 2025, pushing the total number of defaulted borrowers to roughly...
Parents who take a new PLUS loan after July 1 lose any path to public-service forgiveness
Families counting on Public Service Loan Forgiveness to offset the cost of borrowing for a child’s education face a hard deadline. Starting July 1, 2026,...
The Grad PLUS loan program ends July 1, capping what graduate and parent borrowers can get
Graduate students and parents who rely on federal loans to cover tuition face a hard borrowing ceiling starting July 1, 2026, when the Grad PLUS...
Federal student-loan defaults could hit a record 13 million by the end of 2026, up from 8.8 million now
Roughly nine million borrowers now hold $220 billion in defaulted federal student loans, a figure that climbed by about 1.3 million borrowers in the most...
36,000 borrowers cheated by their colleges are getting their federal student loans erased
Tens of thousands of former students who were misled by their colleges are having their federal student loan balances wiped clean. The U.S. Department of...
New Parent PLUS borrowers lose access to Public Service Loan Forgiveness on July 1.
Parents who borrow federal loans to help cover their children’s college costs after July 1, 2026, will no longer qualify for Public Service Loan Forgiveness....
The SAVE student-loan plan is ending, and 7 million borrowers have 90 days to pick a new plan or be moved automatically.
Roughly 7.5 million federal student-loan borrowers enrolled in the SAVE repayment plan will soon receive notices from their loan servicers telling them the plan is...