Fed Holds Rates Steady
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Here’s what student loan borrowers should know about the July 1, 2026 cutoff, and what you should do to avoid restricting your options for your student loans.
The Trump administration is delaying its plans to withhold pay from student loan borrowers who default on their payments, backing off a measure that threatened to deliver a financial blow to millions
Preston Cooper at AEI recently published an analysis of the latest federal student loan data, and the results were sobering: 5.5 million borrowers in default, another 3.7 million more than 270 days late on their payments and 2.7 million in the early stages of delinquency.
Your student loan becomes delinquent as soon as you miss a payment, and the consequences become more serious the longer your loan remains delinquent. Delinquency can result in negative credit reporting and collection activity, but reaching default (generally at 270 days of delinquency) is when it gets more serious.
The Department of Education will delay garnishing wages and intercepting federal income tax refunds.
The average interest rate on 10-year fixed-rate private student loans dropped last week. For many borrowers, that means rates continue to be low enough to make private student loans a decent option, especially if you have good credit.
Fewer student loan repayment options may eventually simplify the system, but borrowers are struggling to navigate the flurry of changes.
The U.S. Department of Education has extended the pandemic-era pause on collection efforts of defaulted student loan borrowers once more.
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Federal or private loans first? How US students should decide what to repay during SAVE forbearance
Federal student loan payments are on hold, but interest accrues, creating confusion for borrowers with both federal and private loans. A Reddit discussion reveals students are prioritizing private loan repayment due to lack of protections and co-signer risks.
Proposed changes tied to H.R. 1 may limit access to advanced nursing degrees, with rural hospitals likely hit first.
Here’s how to figure out whether you should use private loans to pay for college and how to find the right lender.