Student Loan, One Big Beautiful Bill
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The so-called One Big Beautiful Bill and the Trump administration’s executive action are making the future of student loan forgiveness and its tax consequences uncertain.
A group of prominent senators is pushing the Trump administration to abandon its decision to start charging interest for nearly 8 million student-loan borrowers.
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.
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Student loan borrowers enrolled in the interest-free SAVE forbearance will soon see their debt begin to grow again, the Trump administration says.
Millions of Americans with student loans will soon face resumed interest accrual and monthly payments as changes made under the Trump administration.
Following the passage of President Trump's sweeping budget bill, here's some of the biggest changes to student loans.