Student loan forgiveness has been in the forefront, but the potential elimination of the student loan interest deduction warrants close attention, too.

In what could be his final act as economy minister, Conor Murphy has decided to increase the maintenance loan by 20%. The change will come into effect from September 2025 and will cost his department around £50m.

Almost 70% of federal student loan borrowers feel overwhelmed while navigating their payment options as they struggle to keep up with the confusing and ever-changing repayment landscape.

American student loan debt is sky-high, with some estimates putting the total number over $2.19 trillion—that’s higher than all U.S. credit card and auto loan debt combined. President Joe Biden and his administration made numerous attempts to alleviate the burden of student loans,

Because of a recent proposed settlement with the CFPB, some private student loan borrowers may see a stop to collections efforts.

Republican lawmakers are considering a number of proposals that could effectively increase taxes on student loan borrowers and college students.

KEY TAKEAWAYS Federal student loan borrowers could see their credit scores suffer for missed payments for the first time since the COVID-19 student loan payment pause.Late or missing payments have not been reported to credit reporting agencies and wages have not been garnished since the pandemic.

The National Collegiate Student Loan Trusts (NCSLT) could be held accountable for questionable debt collection practices, as a lawsuit by the Consumer Financial Protection Bureau (CFPB) seeks justice for affected student loan borrowers.