Millions of borrowers will have their student loan debt forgiven under a new agreement from the Trump administration—here’s how to find out if you qualify.
Many student loan borrowers are finally seeing some hope as the Trump administration has agreed to revive a loan forgiveness plan that was partially halted due to legal issues. This agreement with the American Federation of Teachers aims to offer loan forgiveness to millions of individuals who have been diligently making their payments. On Friday, […]
Government decides to eliminate student debt for millions of borrowers.
The Trump administration has announced plans to cancel student loans for millions of borrowers, marking a notable change from its earlier stance against certain loan forgiveness initiatives. In collaboration with the American Federation of Teachers, the White House is set to resume the student loan forgiveness process for qualifying borrowers under two income-based repayment plans […]
What occurs for borrowers when student loan debt is sold by the government?
The Trump administration is exploring the potential sale of the government’s substantial student loan portfolio to private companies, which raises concerns about the implications for borrowers. This consideration is not new, having been in discussion for months, but it seems to be gaining traction now. Reports suggest that the plan could shift some management of […]
The dysfunction in Washington is heavily impacting American borrowers.
Last week’s headlines about the Federal Reserve’s decision to lower interest rates don’t necessarily translate into cheaper borrowing for families and businesses. Mortgage costs remain frustratingly high, and small businesses are facing increased loan expenses. Taxpayers are feeling the pinch from Washington’s financial mismanagement. Currently, interest rates are burdened with additional “charges for policy impairment.” […]
Central bank lowers rates by 0.25%, affecting borrowers and savers differently
Federal Reserve Cuts Interest Rates for First Time This Year Peter Navarro, a senior counselor at the White House, spoke positively about President Donald Trump’s TikTok contract and called for more significant cuts from the Federal Reserve. He also defended his own imprisonment, framing it as a political issue, and urged for more accountability within […]
BB’s loan restructuring: Hope for borrowers, challenge for banks
Bankers Worry Central Bank’s Actions Could Compromise Financial Stability September 9, 2025, 07:20 AM Last revision: September 9, 2025, 08:54 AM Key Points: Politically connected factories were offered a 12-year loan rescheduling without interest. The rescheduling conditions contradicted the Bangladesh Bank’s regulations. Banks can issue new loans after reevaluating collateral. Approximately 400 companies have qualified […]
Fewer than half of student loan borrowers are up to date on $1.6 trillion in debt
Fewer than half of student loan borrowers are finding it difficult to afford homes and groceries, even as they manage a staggering $1.6 trillion in debt. Currently, only 38% of the 42.7 million borrowers in the U.S. are up to date on their repayments. This situation has persisted since the Covid-19 pandemic, despite five years […]
Student loan borrowers face challenges as choices decrease under Trump
Options for student loan borrowers are shrinking, and time is running short as the Trump administration intensifies efforts to require borrowers to repay their loans. The recently approved “Big, Beautiful Bill” is expected to limit repayment choices for borrowers significantly by 2028, leaving just two options available. Those enrolled in the Biden administration’s SAVE plan […]
Payments will resume for 8 million student loan borrowers after a year-long break.
The Education Ministry has announced that starting August 1st, nearly 8 million student loan borrowers on SAVE plans will see interest charges resume. This gives borrowers only three weeks to explore their options and potentially switch to a different repayment plan. Payments and interest related to Biden’s plan have been on hold since last summer, […]
Student loan borrowers might experience payment increases due to Trump’s significant bill.
Student loan payments might spike as changes under President Trump’s expansive new bill take effect. Borrowers, especially those who have been relying on temporary measures, are likely to feel the squeeze next summer. As the proposed budget awaits approval, an analysis by the Research Nonprofit Student Borrower Conservation Center suggests that a typical borrower could […]