MPs accuse the government of mis-selling student loans through misleading slideshows and YouTube videos, failing to disclose that loan terms could change. A report by the Treasury select committee urges the reversal of a decision to freeze the repayment threshold, highlighting a loss of trust between graduates and the system.
The U.S. Department of Education will temporarily increase the interest rate discount for student loan borrowers who enroll in automatic payments to 1 percentage point, starting July 1, 2026, lasting two years. This aims to encourage repayment and improve the federal student loan portfolio.
Millions of US student loan borrowers face significant changes to repayment plans starting July 1. The Biden-era Save plan is ending due to a court ruling, replaced by stricter, less forgiving options under policies influenced by the Trump administration. New plans like RAP and the tiered standard plan offer different structures for borrowers.
Young college graduates, including Jes Vesconte and Ragini Subramanian, are experiencing economic instability due to dismal hiring prospects and high student loan debt, challenging the traditional value of a degree.
Young college graduates, including Jes Vesconte and Ragini Subramanian, are facing economic instability due to dismal hiring prospects and high student loan debt, despite educational achievements. This generation experiences low confidence in the economy and leadership.
A judicial investigation into former Spanish Prime Minister Zapatero has halted the sale of airline Plus Ultra, which aimed to repay a €53M SEPI loan. The sale faced challenges from rising fuel costs and geopolitical events.
Recent and upcoming changes to U.S. income-driven repayment (IDR) plans will impact student loan debt cancellation for millions. Borrowers must evaluate options like IBR, RAP, and PSLF for optimal debt forgiveness strategies.
Around 22,000 UK university students who were told to urgently repay maintenance loans and childcare grants given in error have been granted a reprieve. The government announced loans will be repaid through standard student finance routes, with grant repayments paused until at least September. The controversy arose after students on weekend courses were told their programmes should have been classified as distance learning, making them ineligible for student finance. Nine universities had begun legal action over the "abrupt" decision affecting predominantly mature, low-income students.
Around 22,000 UK university students told to urgently repay maintenance loans and childcare grants given in error will now have repayments handled through standard student finance channels, with grant recoveries paused until at least September. The decision follows a row where weekend students were told their courses should have been classed as distance learning, with the government blaming universities for not being clear.
