Tag

Repayment Overhaul

All articles tagged with #repayment overhaul

137K Private Student Loans Spotlight Risk as Federal Reform Looms
business1 month ago

137K Private Student Loans Spotlight Risk as Federal Reform Looms

A borrower with $137,000 in private student loans, who has paid about $200,000 over the years, struggles to secure relief after job loss. The piece highlights how high interest, capitalization, and limited relief options in private lending may worsen debt as Trump-era repayment changes are set to push more federal borrowers toward private lenders.

US Education Department Announces Major Student Loan Reforms and Borrowing Caps
education6 months ago

US Education Department Announces Major Student Loan Reforms and Borrowing Caps

The Department of Education finalized negotiations on President Trump's student-loan repayment overhaul, which includes replacing income-driven repayment plans with new options, instituting borrowing caps on graduate and professional loans, and eliminating the Grad PLUS program. These changes are set to take effect in July 2026 and aim to make higher education more affordable and hold universities accountable for costs.