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…

Credit card balances in the United States hit a record $1.17 trillion in the third quarter of 2024, and delinquency rates have continued climbing since then. Against that backdrop, a growing number of borrowers are turning to personal loans as a way to consolidate revolving debt at a lower interest rate. The strategy can work,…

The Trump administration’s Education Department has identified thousands of additional borrowers who may qualify for student loan discharge, according to a recent court filing in ongoing federal litigation. The updated eligibility figures, submitted as part of a sequence of status reports in the case brought by the American Federation of Teachers, suggest that years of…

Parents who borrowed for their children’s education are staring at a brief, high‑stakes window to lock in cheaper student loan payments and long‑term forgiveness. Policy changes are closing off a popular workaround that let Parent PLUS borrowers reach income‑driven plans that were never designed for them. Those who move quickly can still reshape their debt…

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…