repayment
It’s official: millions of student-loan borrowers will face sweeping repayment changes this summer. Loading audio narration… On Thursday, President Donald Trump’s Department of Education announced its final rule for its student-loan repayment overhaul, which includes new borrowing caps and repayment plans that will go into effect on July 1.Nicholas Kent,…
Private student-loan lenders have big things in store for federal borrowers. Loading audio narration… During earnings calls in late April, the leaders of major private lenders, including Sallie Mae and Navient, said that they’re ready to compete for federal borrowers once President Donald Trump’s sweeping repayment changes take effect in…
A top education official has a message for millions of student-loan borrowers: Don’t count on student-loan forgiveness. Loading audio narration… During a conversation at the conservative think tank American Enterprise Institute on Thursday, Undersecretary of Education Nicholas Kent said the administration’s key focus is ensuring that borrowers are repaying their…
Ashley Grupe’s monthly student-loan payments have been $54 for the past three years. This fall, they’ll likely surge to $644. Loading audio narration… “When I saw that number, I just froze,” the 34-year-old told Business Insider. “That’s ‘I need a second job’ kind of money.”Grupe’s payments are skyrocketing after former…
