Interest will restart for 8 million student loan borrowers
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Following the passage of President Trump's sweeping budget bill, here's some of the biggest changes to student loans.
The megalaw reduces the number of federal student loan repayment options and places a cap on how much individuals can can borrow for higher education.
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Students logging into their student loan servicer accounts may not be able to see their progress in loan forgiveness payments after the Department of Education stalled payment counts.
Republican Sen. Bill Cassidy's Educational Choice for Children Act tax credit, a provision included within the megabill, provides a charitable donation incentive for individuals and businesses to fund scholarship awards for students to cover expenses related to K-12 public and private education starting in 2027.
As the Trump administration allows garnishing wages of borrowers in default, experts say student loan benefits are a business imperative.
Senate passes Trump's reconciliation bill with major student loan changes. Repayment plans, borrowing caps, and elimination of popular programs worry advocates.