
Annie Nova
Personal Finance Reporter at CNBC
Personal finance reporter @CNBC. Words in lots of places. When not writing things, trying not to write things, or listening to Leonard Cohen.
Articles
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1 week ago |
cnbc.com | Annie Nova
Skynesher | E+ | Getty ImagesThe interest rates on federal student loans are likely to decline slightly in the 2025-2026 academic year, according to an estimate by higher education expert Mark Kantrowitz. A drop in interest rates could provide some very modest relief to families trying to cover college costs. However, recent changes to the lending system have narrowed loan forgiveness and affordable repayment options for borrowers.
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1 week ago |
flipboard.com | Annie Nova
While Gen Z may have a reputation for being more financially troubled, new data reveals that Gen X and millennials are far more likely to carry …
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1 week ago |
cnbc.com | Annie Nova
US President Donald Trump signs executive orders relating to higher education institutions, alongside US Secretary of Education Linda McMahon (R), in the Oval Office of the White House in Washington, DC, on April 23, 2025. Saul Loeb | Afp | Getty ImagesThe Trump Administration resumed collection efforts on defaulted student loans Monday after a roughly five-year hiatus — and affected borrowers could begin feeling the financial consequences sooner than experts expected.
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1 week ago |
nbcbayarea.com | Annie Nova
The Trump administration is set to garnish the wages of the 5.3 million federal student loan borrowers in default in just a few months. Meanwhile, it began this week alerting around 195,000 defaulted borrowers that their federal benefits will be subject to garnishment in 30 days. The Trump administration resumed collection efforts on defaulted student loans Monday after a roughly five-year hiatus — and affected borrowers could begin feeling the financial consequences sooner than experts expected.
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1 week ago |
cnbc.com | Annie Nova
Borrowers face plan changes, long waits for helpCollection activity on federal student loans has mostly been paused for half a decade. During that period, there have been sweeping changes and disruptions to the lending system. Millions of borrowers who signed up for the Biden administration's new repayment plan, known as SAVE, were caught in limbo after GOP-led lawsuits managed to get the plan blocked in the summer of last year.
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Those impacted by the California wildfires with student loans have options, should they need them. https://t.co/irwQ62dBAT

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