Category: Loans

Starting March 1, 2026, the Small Business Administration will require all loan applicants to be U.S. citizens, effectively shutting out legal permanent residents who have long used SBA-backed financing to launch and grow businesses. The policy shift, rooted in an executive order focused on immigration enforcement rather than economic development, has drawn sharp bipartisan criticism…

New car buyers facing some of the highest borrowing costs in years just picked up an unusually generous tax break. The One Big Beautiful Bill Act created a new federal income tax deduction for interest on qualifying new car loans, and IRS guidance estimates that typical borrowers could save hundreds of dollars per year in…

Federal student loan repayment is under strain, but the latest federal audit does not show a new wave of borrowers being pushed into default since payments resumed. Instead, the Government Accountability Office’s early look at repayment after the pandemic pause describes a vast federal portfolio, stressed borrowers, and uneven oversight. The picture that emerges is…

Across the Houston metro area, parents are lining up at storefront lenders not for holiday splurges or last‑minute vacations, but for cash to cover groceries and rent. As paychecks lag behind basic costs, payday and auto‑title loans have become a stopgap that keeps families housed and fed for the month while quietly draining the next…

President Trump’s latest student loan moves are colliding head‑on with the nursing workforce crunch. On one track, the White House is promising to “restore” relief for public servants such as nurses; on another, his administration is tightening who qualifies and how much graduate students can borrow. The result is a high‑stakes shakeup that nursing leaders…

The U.S. Small Business Administration is preparing a rule change that would block many green card holders from its main small-business loan programs. By tightening ownership and residency standards for 7(a) and 504 loans, the agency is moving to treat lawful permanent residents as ineligible owners, even when they live and work in the United…

Defaulted student loans do not just bruise your credit score, they trigger a legal collection machine that can seize paychecks and tax refunds while shutting you out of new aid. The good news is that federal rules still give you a narrow but powerful escape route if you act before collections fully ramp back up….

Student loan forgiveness in 2025 looked frozen from a distance, with marquee programs tied up in courts and policy reversals while payments quietly resumed. Yet beneath that surface, thousands of borrowers still managed to erase balances through narrower channels that kept operating even as broader cancellation stalled. The result was a year that exposed how…

Public servants who thought they had finally reached the finish line on their student loans are discovering that the last mile can stretch on for more than a year. Instead of the clean slate promised after a decade of qualifying payments, many are trapped in a bureaucratic holding pattern that leaves their balances, careers and…

Britain’s student loan system has quietly morphed from a way of sharing the cost of university into a vast, unstable liability for both graduates and the state. Debts have climbed into the hundreds of billions while repayments have fallen sharply, leaving a widening gap that future taxpayers will be expected to fill. The core problem…