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Latest in Loans & Lending
Student loan delinquencies jumped to 10.3% — the highest since 2020 — and defaulted borrowers are also falling behind on credit cards, auto loans, and mortgages
For more than three years, millions of Americans with federal student loans made no payments at all. The pandemic-era freeze, which began in March 2020...
Parent PLUS loan rates climb to 9.07% on July 1 — the cost of borrowing to send your kid to college just hit its highest point since 2007
A parent borrowing $30,000 through the federal PLUS loan program for the 2025-2026 school year will pay roughly $382 a month for 10 years and...
The new student loan repayment plan launches July 1 — it caps payments at 10% of income and takes 30 years to forgive
Roughly 8 million federal student loan borrowers who were enrolled in the now-defunct SAVE plan are about to land in a new repayment structure they...
Subprime auto loan delinquencies just hit a 32-year record — and unemployment is 4.3%, not 9% like the last time car defaults were this bad
Picture a borrower with a 520 credit score who financed a used pickup in 2023 at 14% interest. The monthly payment: $587. Today that borrower...
The average new car payment just hit $773 a month — and 1 in 5 buyers is now locked into payments above $1,000
A $773 monthly car payment would have been unusual five years ago. Now it is the average. According to Edmunds’ Q1 2026 auto financing data,...
7.5 million borrowers just lost the SAVE plan — they have 90 days to switch or the government auto-enrolls them in a plan that could triple monthly payments
On July 1, federal loan servicers will begin mailing notices to every borrower still enrolled in the SAVE repayment plan. Each letter will contain a...
Subprime auto loan delinquencies just hit a 32-year record — and the average car payment climbed to $767 a month for a new vehicle
In October 2025, 6.65% of subprime auto borrowers tracked by Fitch Ratings were at least 60 days behind on their car payments. That is the...
The new student loan repayment plan launches in 53 days — and it’s the only income-driven option left after Trump killed SAVE, Grad PLUS, and every other IDR plan
If you owe federal student loans and haven’t been paying close attention, here is the short version: every income-driven repayment plan you’ve heard of is...
Private student loan volume is expected to double after Trump killed Grad PLUS — and 40% of Americans wouldn’t even qualify for a private loan
The federal program that let graduate students borrow up to the full cost of their degrees is gone. Congress eliminated Grad PLUS lending through the...
Student loan borrowers have 59 days to pick a new repayment plan — RAP launches July 1 with a $10 minimum payment and a 30-year forgiveness timeline
Starting July 1, 2026, every new federal student loan will come with repayment rules that break sharply from the system borrowers have known for decades....
The new student loan repayment plan launches July 1 — it requires a $10 minimum payment, takes 30 years to forgive, and replaces every IDR plan you’ve heard of
On July 1, 2026, the federal government will stop offering borrowers a choice among income-driven repayment plans. No more PAYE. No more REPAYE. No more...
The new student loan repayment plan launches July 1 — it requires a $10 minimum payment, takes 30 years to forgive, and replaces every IDR plan you’ve heard of
On July 1, 2026, the federal government will flip a switch that reshapes how millions of Americans repay their student loans. Every income-driven repayment plan...
Student loan collections tighten as federal repayment enforcement ramps up
About 5.3 million Americans with federal student loans are in default, and for the past year, the U.S. Department of Education has sent two sharply...
2 major loan defaults deepen losses for private-credit funds
In the span of roughly 90 days, a direct-to-consumer brand aggregator’s loan went from performing to worthless on the books of one publicly traded credit...
The SAVE student loan plan is dead and the Repayment Assistance Plan launches July 1 — 7.5 million borrowers have 90 days to pick a new plan or get auto-enrolled
For nearly two years, roughly 7.5 million federal student loan borrowers have been stuck in limbo. Their repayment plan, SAVE, was blocked by courts in...
Student loan wage garnishments are back after a 5-year pause — 15% of your paycheck if you’re in default
When Keisha Moore, a 34-year-old medical billing clerk in Memphis, opened her pay stub in late April 2026, she found $390 missing. No court date,...
The SAVE plan is officially dead and a new repayment plan launches July 1 — what borrowers in their 20s need to do in the next 70 days
About 70 days from now, on July 1, 2026, a brand-new federal student loan repayment plan goes live. For millions of borrowers in their 20s...
7.5 million borrowers just lost the SAVE plan — and the Class of 2026 is graduating into the worst student loan landscape in a decade
A borrower earning $40,000 a year with $35,000 in federal student loans could have paid as little as $50 to $100 a month under the...
The Class of 2026 is graduating into the worst student loan landscape in a decade — fewer options, stricter rules, and no more SAVE plan
More than 7 million federal student loan borrowers are being pushed out of the “Saving on a Valuable Education” (SAVE) Plan this summer after the...
The SAVE student loan plan is officially dead — 7.5 million borrowers have until October to pick a new repayment plan
Millions of federal student loan borrowers who once had some of the lowest monthly payments available are now navigating a repayment system that looks very...