Tootfinder

At least a half-dozen existing student-loan repayment programs will be extinguished,
including the most affordable option,
the Biden-era plan known as SAVE.
The nearly eight million people in that plan will soon need to figure out their next-best option.
The system is being restructured at a crucial moment in the ongoing student loan saga.
Only 44 percent of the nearly 35 million borrowers who should be making payments actually are, according to calculations b…

Student Loan Repayments Are About to Look Very Different
By next summer, new borrowers will have just two repayment options, streamlining the previous menu to pay off higher-education debt. Here’s what to know.

The big, beautiful bill is bad news for student loans (Abdallah Fayyad/Vox)
https://www.vox.com/policy/415793/big-beautiful-bill-student-loans-pell-grants
http://www.memeorandum.com/250609/p52#a250609p52

"The credit score drop is [as bad as] filing for bankruptcy, and some borrowers are finding out when they try to get car loans or rent apartments."
Student loan missed payments causes credit score drop for millions - The Washington Post
https://www.washingtonpost.com/business/2025/05/25/credit-score-student-loan-elinquency-debt/

Trump's massive tax and spending bill just slapped a cap on how much 𝘸𝘦 can borrow to go to grad school.
Starting July 1, new federal rules limit how much parents and grad students can take out in student loans—𝗻𝗼 𝗺𝗮𝘁𝘁𝗲𝗿 𝘁𝗵𝗲 𝗰𝗼𝘀𝘁 𝗼𝗳 𝘁𝗵𝗲 𝗱𝗲𝗴𝗿𝗲𝗲.
That means future doctors, teachers, lawyers, and social workers—especially low-income and first-gen students—could be priced out 𝘦𝘯𝘵𝘪𝘳𝘦𝘭𝘺.
The numbers don’t lie:
- $20K annual cap for master’s programs
- $50K per year…

Trump's 'Big Beautiful Bill' imposes new limits to student loan programs, among other changes
The sweeping budget bill cuts grad PLUS loans, institutes lifetime student borrowing caps and imposes new endowment tax policies, but expands Pell Grant eligibility.

8 Million Federal Student Loan Borrowers Will Soon See Interest Restart (Tara Siegel Bernard/New York Times)
https://www.nytimes.com/2025/07/09/your-money/student-loans-save-plan-interest.html
http://www.memeorandum.com/250710/p77#a250710p77

„She is excited to go home and keep dreaming her American Microdream (a new trend where Gen Z workers, instead of using their salaries to buy homes and support a family, hope to someday pay off their student loans.) She sighs. The Microdeath cannot come soon enough.“
This piece is very good!
„Are you sure these are new workplace trends? Are you sure you aren’t just describing a routine phenomenon in an alarmed way?“

Trump administration changes mind, won't cut Social Security benefits over defaulted student loans (Annie Nova/CNBC)
https://www.cnbc.com/2025/06/02/trump-pauses-social-security-benefit-cuts-over-defaulted-student-loans.html
http://www.memeorandum.com/250603/p105#a250603p105

Hundreds of consumers reached out to their congressional representatives for help in the past 12 months.
“I have been unable to pay my rent, utilities, personal bills, student loans, or my credit card. I have been unable to buy groceries or put gas in my car,” wrote a New Yorker, who contacted Rep. Nicole Malliotakis’ office.
Records show their representatives — all Republicans — referred them to the "Consumer Financial Protection Bureau",
the watchdog agency form…

These GOP Lawmakers Referred Constituents to the CFPB for Help. Then They Voted to Gut the Agency.
Many of the same Republican lawmakers who have targeted the Consumer Financial Protection Bureau for cuts have collectively directed thousands of constituents’ complaints about banks, credit cards, loans and other products to the agency.