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Latest in Loans & Lending
Heirs of a reverse-mortgage borrower have limited time to repay or sell before foreclosure
When a reverse-mortgage borrower dies, the loan does not simply pass to whoever inherits the house; it becomes immediately due and payable, and a clock...
A total and permanent disability discharge can wipe out federal student loans for disabled borrowers
A federal loan discharge that erases a borrower’s entire remaining student debt is available to anyone certified as totally and permanently disabled, and most people...
Nine on-time payments can pull a defaulted student loan out of default
Nine on-time monthly payments, spread across a ten-month window, can lift a federal student loan out of default and erase the record of that default...
Defaulting on a federal student loan can also seize a tax refund and wages, not just a check
The federal government has two tools that can take money directly from a borrower who defaults on a federal student loan: intercepting a tax refund...
Applying for a mortgage can unleash a flood of calls from lenders who bought your data
Filing a mortgage application can set off a barrage of phone calls, texts, and mailers from lenders the applicant never contacted, sometimes within hours of...
Buy-now-pay-later loans now show up on credit reports and can move a retiree’s score
Buy-now-pay-later plans that split a purchase into four interest-free payments spent years invisible to the credit system, appearing on no report and in no score....
About 7.5 million borrowers in the canceled SAVE plan must pick a new repayment plan or stall their loan forgiveness
The end of the SAVE student-loan plan has pushed about 7.5 million borrowers into a repayment decision with consequences beyond the next monthly bill. The...
Thirteen people were charged in August 2025 in a scheme that drained more than $5 million from over 400 older Americans
A federal case announced in August 2025 shows how a familiar “grandchild in trouble” call can become an organized cash-collection operation. Prosecutors charged 13 people...
Cash App must pay up to $120 million to users under a federal consumer-redress order
A federal order requires Block, the operator of Cash App, to provide at least $75 million and as much as $120 million in refunds and...
SAVE borrowers are being told to switch federal repayment plans
Millions of borrowers parked in the SAVE repayment plan are no longer waiting for a court case to resolve before making a choice. Federal loan...
New professional students face a $50,000 annual federal loan ceiling
A new professional student can no longer assume federal loans will cover an unlimited gap between tuition and other aid. For loans made on or...
Graduate borrowing is now capped at $20,500 yearly for new students
The new $20,500 annual federal loan cap changes graduate-school financing by moving a portion of tuition risk away from unlimited federal borrowing and back toward...
Employers can pay $5,250 toward student loans tax-free under a permanent federal rule
An employer can put money directly against an employee’s qualified student loan without adding the first $5,250 to taxable wages in 2026. The benefit runs...
Nearly 4 in 10 homeowners over 65 are turned down for a home-equity line of credit
Older homeowners sitting on record levels of home equity are finding that wealth locked inside their walls does not guarantee access to credit. Nearly four...
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...