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Last pandemic-era student loan benefit ends even as borrowers struggle to make payments

The last of the pandemic-era student loan benefits will be wiped out, cutting off four years of extra aid for borrowers, but advocates say it was never actually enough. The Biden administration's “infusion of capital” over the past year ended in early October, and borrowers will now be subject to penalties for missing payments. Advocates […]

Gross interest payments on US debt topped $1 trillion

As the national debt continues to grow, the federal government has paid over $1 trillion in total interest payments on the debt for fiscal year 2024. The Treasury Department said in a recent statement that the U.S. has paid about $1.5 trillion in total interest on its national debt this fiscal year, a figure it […]