Student debt news covering loan forgiveness, repayment plans, borrowing trends, and higher education finance reform.
New federal borrowing limits in President Trump's 'Big Beautiful Bill' are pushing graduate students toward private financing as federal caps fall short of program costs. The Department of Education eliminated new Graduate PLUS loans, restricting general grad students to $20,500 annually while professional programs face $50,000 limits. Major lenders report surges in originations.
A BBC investigation revealed that multiple English universities displayed inaccurate student loan repayment information by using salary examples significantly below the national average. Treasury Committee chair Dame Meg Hillier condemned the practice as misleading, prompting reviews from the Department for Education and affected institutions regarding their online guidance.
Millions of student loan borrowers face federal tax liabilities as the exemption for forgiven debt expires on January 1, 2026. Protect Borrowers estimates 2 million to 3 million individuals could owe up to $12,000 in taxes on balances cleared through income-driven repayment plans.
The Times of India highlights Arpitha Rao’s eight-year journey to repay a Rs 43 lakh education loan, emphasizing her financial independence despite lacking family support. The piece details her decision to bring her son to the bank to teach him about earning and responsibility, contrasting her timeline with faster-repaying peers.
Newsweek contends that Democratic control of Congress following the midterm elections may revive stalled student loan proposals, though experts suggest widespread forgiveness remains unlikely due to President Trump's veto power and continued control of the Education Department.
This article reports on Reserve Bank of India data showing a 15.2% decline in student loan accounts alongside a 178.2% rise in average loan size. It highlights rising education costs driving borrowers toward larger loans exceeding ₹2 lakh.