student loan, government shutdown
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The Department of Education has begun a negotiated rulemaking session to implement changes to student loan repayment.
WASHINGTON (AP) - As Congress scrambles to pull back a messy student loan increase, it raises the question: Why did Uncle Sam get into the college loan business, anyway? The short answer: Because the Russians launched Sputnik. A look at the 55-year history ...
"Most private student loans base interest rates on the one-month or three-month SOFR index," says Mark Kantrowitz, president of PrivateStudentLoans.Guru. "The three-month index will effectively phase in the interest-rate reduction over a three-month period."
15don MSN
California student loan delinquencies surge: 1 in 10 borrowers more than a month behind in payments
About one out of every ten California student loan borrowers is at least 30 days late on payments following the end of a federal pause on loan payments, according to a new analysis released Wednesday.
That's more than triple the number who were behind at the start of the pandemic in 2020. Delinquency rates stood at 12% for Boomer, Gen X and Millennial borrowers. For Gen Z, the delinquency rate was lower,