Student Loan Borrowers Could See Higher Payments

Student Loan Borrowers Could See Higher Payments After Judge's Ruling
A recent ruling from an appeals court will likely affectively end the implementation of the Saving for a Valuable Education (SAVE) Plan.
Student Loan Payments Could Skyrocket for SAVE Borrowers. Here's How Much Yours Could Rise
About 8 million federal student loan borrowers had hopes of smaller monthly payments and lower lifetime costs when the Biden administration rolled out the Saving on a Valuable Education (SAVE) repayment plan in 2023.
To pay for Trump's tax cuts, House Republicans could raise student loan bills for millions of borrowers
The average borrower's monthly bill could swell to $288 from $95, according to an early estimate by the Institute for College Access & Success.
Student Loans Likely Won't Go Away Under Trump—Here's How to Pay Them Off
Why borrowers should still prioritize paying off student loans as uncertainty looms around the Department of Education.
5 States Where You Have to Pay Taxes on Federal Student Loan Forgiveness
KEY TAKEAWAYS If you live in Arkansas, Indiana, Mississippi, North Carolina, or Wisconsin, you may have to pay state income taxes on federal student loan forgiveness you received.Federal student loan forgiveness is exempt from federal income tax under the American Rescue Plan Act (ARPA).
Do You Qualify For These New Student Loan Forgiveness Programs?
The debate over student loan forgiveness has mainly focused on sweeping federal proposals. Now, some states are taking matters into their own hands
What to Know about Taxes and Student Loan Forgiveness in 2025
Did you know that under normal circumstances, you pay income taxes on canceled or forgiven student loan debt? Even though you’re not seeing a penny in income from it, most forgiven student loans can result in a higher IRS bill.
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Student loan debt is growing among older Americans
But many student loan borrowers are older Americans, and more have joined them in carrying debt. More than 3.5 million at or above the age of 60 hold student loan debt, collectively ...
Experian study: Average U.S. consumer debt and statistics
Experian examined representative and anonymized credit data through Q3 2024 to identify trends within average and total debt ...
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What increases your total student loan balance in 2025? Here's why your debt can grow
As student loan policies evolve in 2025, borrowers must understand the common reasons why their debt can grow even after making regular payments. One of the biggest reasons student loan ...
Appeals courts blocks Biden student debt relief plan
An appeals court ruled Tuesday to block former President Biden’s Saving on Valuable Education (SAVE) income-driven repayment ...
US appeals court blocks Joe Biden's student loan relief plan
A U.S. appeals court ruled on Tuesday that Democratic former President Joe Biden's administration lacked authority to pursue ...