Category: Loans

Student loan borrowers filing their 2025 tax returns face a narrowing window of tax benefits that many will miss entirely. The IRS allows a deduction of up to $2,500 in student loan interest paid during the year, but eligibility depends on filing status, income thresholds, and documentation details that trip up a significant share of…

Governor Gavin Newsom signed legislation on February 19, 2026, authorizing a $590 million emergency loan to four Bay Area public transit agencies facing a combined deficit projected at more than $800 million in the coming fiscal year. The measure, SB 117, directs the California State Transportation Agency (CalSTA) to lend funds from the Transit and…

The U.S. Department of Education has flagged more than 1,800 colleges and universities over poor student loan repayment outcomes, warning that institutions failing to address high default and delinquency rates could face restrictions on federal funding. The action, rooted in guidance first issued in May 2025 under the Trump administration, ties schools directly to the…

The U.S. Department of Education has finalized a new rule on Public Service Loan Forgiveness that redefines which employers qualify borrowers for debt cancellation, with an effective date of July 1, 2026. Separately, a legal settlement between the Trump administration and the American Federation of Teachers has forced the Department to restart processing of stalled…

Roughly one in four federal student loan borrowers is behind on payments, and a growing share are sliding toward outright default, according to federal data and a new report from two left-leaning advocacy organizations. The Century Foundation and Protect Borrowers argue the Trump administration’s policy decisions contributed to the deepening crisis, while an Education Department…

Middle-class Americans are increasingly turning to personal loans to consolidate and refinance high-interest debt, driving a sharp rise in originations across online lending platforms. Federal Reserve data tracking consumer credit shows nonrevolving balances, the category that includes personal loans, continuing to expand even as borrowing costs remain elevated. The trend reflects a calculated bet by…

New-vehicle prices crossed a historic threshold last fall, with the average transaction price surpassing $50,000 for the first time and pushing a record share of buyers into monthly payments above $1,000. The result is a growing class of car owners locked into longer, riskier loans that carry higher default rates and a greater chance of…

British banks are warning that Labour’s regulatory framework is restricting their ability to lend to defence companies, compounding a growing funding crisis at a time when the UK faces a shortfall in military spending estimated at tens of billions of pounds. The complaint puts Prime Minister Keir Starmer’s government in a difficult position: it needs…

Student loan borrowers who were harmed by Navient’s servicing practices are set to receive checks from a $120 million settlement that capped a years-long federal enforcement case. The Consumer Financial Protection Bureau (CFPB) brought the action against Navient, the nation’s largest student loan company, over what regulators described as failures at every stage of repayment….

Key takeaways: SAVE ended after litigation and a settlement, and a new statutory plan—RAP—replaces it for many borrowers. RAP bases payments on total adjusted gross income (AGI), not discretionary income, which can raise payments for some households. The shift is one of the largest federal student loan repayment changes in decades and may increase costs…