federal student loans_2400
Income-based student loan repayment caps to be applied retroactively
"10" by Michael Randall (flickr user pigpogm, cc license) On Monday, President Obama signed an executive order that should grant relief to millions of federal student loan borrowers.
Federal Student Loan Interest Rates Set to Rise
image by flickr user FutUndBeidl (cc license) As we covered last summer, Congress passed into law student loan reforms that temporarily reduced student loan interest rates. However, as part of those reforms, the federal student loan interest rate, based on auction levels of Treasury 10-year notes, is allowed to float up to a capped percentage. This week, it appears that the first such increase is set to take effect on July 1, affecting all federal loans disbursed for the 2014-2015 academic year.
CBO: Federal Government Projects to Profit from Student Lending
image by flickr user jparise (cc license) Over the past year, there have been multiple accounts of how much the federal government profits from its student lending. This week, the Congressional Budget Office announced that those profits project to continue through 2024.