Student loan forgiveness has been in the forefront, but the potential elimination of the student loan interest deduction warrants close attention, too.

American student loan debt is sky-high, with some estimates putting the total number over $2.19 trillion—that’s higher than all U.S. credit card and auto loan debt combined. President Joe Biden and his administration made numerous attempts to alleviate the burden of student loans,

An order by President Donald Trump will freeze potentially trillions of dollars of grants and loans starting at 5 p.m. Tuesday, but most student loan borrowers will not be effected.

Murphy's further 20% increase means the annual amount that can be borrowed by students living at home will rise from £5,250 to £6,300. The amount that can be borrowed by those living away from home will rise from £6,776 to £8,132. If a student is studying in London, they will be able to get a loan of £11,391.

KEY TAKEAWAYS Federal student loan borrowers could see their credit scores suffer for missed payments for the first time since the COVID-19 student loan payment pause.Late or missing payments have not been reported to credit reporting agencies and wages have not been garnished since the pandemic.

The National Collegiate Student Loan Trusts (NCSLT) could be held accountable for questionable debt collection practices, as a lawsuit by the Consumer Financial Protection Bureau (CFPB) seeks justice for affected student loan borrowers.

Because of a recent proposed settlement with the CFPB, some private student loan borrowers may see a stop to collections efforts.

National Collegiate Student Loan Trusts could compensate student loan recipients if they’re found guilty of sheisty practices in a lawsuit filed against them by the Consumer Financial Protection Bureau.