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Latest in Loans & Lending
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...
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...