The harsh reality of the student loan limits in Trump’s ‘great’ law
A newly enacted federal student loan cap is emerging as a significant and perhaps underestimated threat to the health of Americans. This policy shift is likely to severely impact the pipeline of graduate education for clinicians, particularly affecting nurses and physicians. Such a decline could jeopardize access to healthcare, strain the workforce, and ultimately harm […]
Major Attractive Legislation Features Auto Loan Tax Benefit, Certain Limitations Exist
The so-called “big beautiful bills” come with quite a few downsides. Right now, we’re dealing with some odd environmental laws, the disappearance of EV tax credits, and, I think, Texas has taken control of quite a lot, including the space shuttle. This bill, in a way, manages to keep some promises, proving that even a […]
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 […]
Congress is looking at limits on federal student loan borrowing.
Congress continues to navigate the intricacies of President Trump’s hefty budget proposal, often referred to as the “Big and beautiful” bill. One point seems apparent: the decisions made will significantly affect student loans. Both the House and Senate versions are still under discussion. The Senate’s proposal suggests alterations to the federal student loan system, claiming […]
Two million student loan borrowers face potential wage garnishment: Analysis
Recent estimates from Transunion reveal that around 2 million student loan borrowers risk missing payments this summer. Approximately 6 million federal student loan borrowers have fallen behind, with over 90 days of missed payments. A significant portion of them, about a third, could default as soon as next month, as noted in an analysis released […]
DNC Might Have To Take Out a Loan To Stay Afloat
The Democratic National Committee (DNC) has faced some internal struggles and a drop in donations over the last few months, according to a report by The New York Times. DNC Chair Ken Martin, selected in February, has had to navigate delays in fundraising from prominent contributors. The NYT has noted that some officials within the […]
Bank evaluating $120M loan for Greenland rare earths initiative
Critical Metals Corp. has received interest letters from the U.S. Export-Import Bank for loans of up to $120 million to support the Tanbreez Rare Earths mine in Greenland. This marks the company’s first overseas investment under the Trump administration’s mining initiatives. If approved, the loan is intended to bolster access to essential minerals pivotal for […]
Canara Bank lowers RLLR to 8.25%, reducing loan costs starting June 12
Kanara Bank Lowers Loan Rates to Enhance Borrower Trust Kanara Bank has decided to lower its Repository Link Loan Rate (RLLR) from 8.75% to 8.25%, effective June 12th, 2025. This change aims to boost borrower confidence. The adjustment comes after the Reserve Bank of India (RBI) recently cut rates by 50 basis points. As a […]