Вход на сайт

Просмотр новости

Найдите то, что Вас интересует

Student loan payments rise as new push in Washington targets interest rates

Дата публикации: 19-08-2026 12:23:38

Student loan payments are rising and forgiveness is delayed for some. Here's what Washington is doing about interest rates.

Основное содержимое страницы с новостью.

Student loan payments are rising and forgiveness is delayed for some. Here's what Washington is doing about interest rates.

Student loan payments rise as new push in Washington targets interest rates

Student Loan Repayment

The Department of Education confirmed to Scripps News this week that some public servants are losing forgiveness credits because of coding errors that occurred during the Biden administration. While the path to forgiveness is now longer for some, monthly payments are also increasing for many others, adding to an already stressful financial burden.

Now, there is a new push in Washington to address the affordability of student loan payments.

College can be worthwhile, but it can also be expensive — especially for more than 40 million Americans still paying for it.

According to the Education Data Initiative, the overall average student loan payment was $434 a month earlier this year.

Payments for many have only gone up this year after President Donald Trump's Department of Education restructured student loan repayment plans in the aftermath of courts blocking former President Joe Biden's initiatives.

RELATED STORY | Big student loan changes hit July 1, but most borrowers say they're not ready

Loan forgiveness has become more complicated, too. The Trump administration confirmed to Scripps News this week that coding errors were recently found and corrected involving Public Service Loan Forgiveness, meaning forgiveness for many now has a later date.

"This is ground zero of the affordability crisis for an entire generation of Americans," Sen. Peter Welch, a Vermont Democrat, said.

There are signs in Washington pointing to a desire for at least a debate over reducing one area of student loan payments: interest rates, which currently sit at 6.52%.

"Our bill would eliminate student loan interest," Rep. Joe Courtney, a Connecticut Democrat, said.

Democrats have introduced bills in recent weeks to eliminate interest, while some Republicans have expressed interest in simply lowering the current rate.

RELATED STORY | Physician assistant groups push Congress for permanent student loan protections

Florida Republican Rep. Anna Paulina Luna — who is trying to force a vote this year — wrote:

"Americans aren't asking Washington to erase their debts. They're asking for a fighting chance to PAY them. I'm fighting to cap federal student loan interest at 2% and end the government's debt trap."

While the prospects of congressional action over student loan interest are still seen as a longshot with this year's election looming, the Trump administration has also eyed this area of potential relief.

The administration announced this summer that "federal student loan borrowers enrolled in auto pay will be eligible for a 1 percent interest rate reduction." Borrowers have until Sept. 30 to enroll.

Схожие новости

#Наименование новостиТональностьИнформативностьДата публикации
1Big changes arrive July 1 for student borrowers, including in loan repayments09.1708-05-2026
2US Education Department offers two-year trim on student loan interest rates09.4819-06-2026
3Российские банки повысили ставки по ипотечным программам0019-07-2021
4Ограничение на выдачу потребительских кредитов: власти озабочены ростом долгов россиян0023-11-2021
5Japan’s borrowing costs soar to 30-year high on debt fears017.4708-07-2026
6What Happens When 8 Million People Lose Their Student Loan Repayment Plan?014.1314-08-2026
7Российские банки повысили ставки по вкладам вслед за ростом ключевой ставки ЦБ0006-08-2021
8Греф: Сбербанк пока не будет повышать ставки по ипотеке0014-09-2021
9Доля просрочивших кредит и вновь берущих займы россиян стала максимальной с 2018 года0003-02-2021
10Ипотеку начали массово закрывать досрочно — что происходит08.5213-08-2026

Классификация: Экономика. Схожих патентов: 0. Схожих новостей: 10. Тональность: 0. Информативность: 5.99. Источник: www.lex18.com.