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The Latest Breaking News from Mark Kantrowitz

How To Refinance Student Loans Amid Backlogs For 643,000 Borrowers, Looming SAVE Plan Deadline

Over 643,000 US student loan borrowers remain stuck in repayment backlogs as the SAVE plan winds down and a 1 July deadline approaches.

International Business Times UK

Over 7M Student Loan Borrowers Remain in Defunct SAVE Plan—Average Debt Up $2.5K Since August 2025

Over seven million student loan borrowers remain in the defunct SAVE plan despite a permanent court injunction. Experts warn that interest accrual since August 2025 has already added an average of $2,500 to individual balances. Borrowers are urged to switch to Income-Based Repayment (IBR) immediately to avoid further debt spikes.

International Business Times UK

‘Frustration, anger, confusion’: Trump administration leaves millions without clear path to paying off student loans

Court’s decision to eliminate Save plan and internal shuffling on who handles what when it comes to student loans presents new challenges for borrowers

The Guardian - US

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FAFSA Advice for 2025

A new federal financial aid application drops on October 1 — and being an early bird will likely pay off.

Kiplinger

The New Rules for Student Loans

Whether you’re paying off education debt now or planning to borrow in the future, get ready for bigger payments and lower loan limits.

Kiplinger

Your boss might lower your student debt

Employer student loan assistance programs are helpful, but their future is uncertain

Salon

Dismantling of education department casts US student loans into uncertainty

Doubts that whatever remains of department can govern student debt as one in four US adults under 40 has loans

The Guardian - US

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Trump's Student Loan Overhaul Sparks Anxiety Among Public Service Borrowers: How To Stay On Track

The PSLF program, established in 2007 under President George W. Bush, allows employees working for government or non-profit organizations to have their federal student loans forgiven after making 10 years of qualifying payments.

International Business Times

Department Of Education Temporarily Removes Online Loan Applications

Department of Education suspends online applications for income-driven repayment plans following court ruling on Biden's SAVE plan.

Top News

More older adults have student loan debt

More than 3.5 million at or above the age of 60 hold student loan debt, collectively amounting to over $125 billion

Salon

5 Ways the Second Trump Term Could Affect Your Finances

Income tax cuts are likely to be extended, but electric vehicle tax credits could disappear.

Kiplinger

Student loans and Trump: What changes?

What to know if you need a loan, are repaying one or have had your debt canceled

Salon

5 FAQs About 529 College Savings Plans

Thanks to recent policy changes, families have more options for what to do with money sitting in tax-advantaged 529 accounts.

Kiplinger

PLUS Loans Can Help Pay for College — at a Cost

What to know about PLUS loans: Parents can borrow up to the cost of a child’s education, but interest rates are steep.

Kiplinger

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Kiplinger

Who Do High Interest Rates Hurt? College Students

High interest rates mean college students will pay more to borrow. Savers will continue to benefit but need to remain vigilant.

Chicago Sun-Times

Student loan payments are back. What to know about interest, loan servicers and taxes.

The three-year pause is over for an estimated 43 million borrowers, including 1.5 million in Illinois. Here are some answers to questions borrowers wanted to know about repayments.

Kiplinger

How to Prepare to Start Paying Student Loans Again

A three-year pause on federal student loan payments ends in October. Here’s how to prepare for repayment.

The Texas Tribune

1.4 million Texans’ student debts won’t be canceled. But a new loan repayment plan could bring savings.

After the U.S. Supreme Court ended President Joe Biden’s debt cancellation program, advocates for lowering student loan debt say the federal SAVE plan, an updated loan repayment program, could save Texans and other borrowers a lot of money in interest.

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Tribune News Service

Student loan forgiveness “highly unlikely” as Supreme Court reviews case, says expert

December 1st 2022, the federal Supreme Court rejected President Biden’s immediate request to revive his student debt relief plan. The court will review oral arguments in February 2023 and then determine whether the leading lawsuit against the program has merit.

Tribune News Service

Survey: Young people want solid outcomes from their higher education

A different kind of high school student is headed to college now.

People

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read the most diverse news in one place.

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