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 |
nbclosangeles.com | Annie Nova
Republicans' "big beautiful" bill could result in higher monthly payments for many federal student loan borrowers, a new analysis finds. If the GOP legislation is enacted, student loan borrowers could pay hundreds of dollars a month more under the proposed "Repayment Assistance Plan," or RAP, compared with the now-blocked SAVE plan.
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1 week ago |
nbcmiami.com | Annie Nova
Republicans' "big beautiful" bill could result in higher monthly payments for many federal student loan borrowers, a new analysis finds. If the GOP legislation is enacted, student loan borrowers could pay hundreds of dollars a month more under the proposed "Repayment Assistance Plan," or RAP, compared with the now-blocked SAVE plan.
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1 week ago |
nbcbayarea.com | Annie Nova
GOP lawmakers, in their "big beautiful" bill, plan to eliminate several student loan repayment plans and keep borrowers in debt longer. Consumer advocates warn that the legislation will deepen a lending crisis in which millions of borrowers are already struggling to pay off the debt from their education. Republicans' "big beautiful" bill, if enacted as drafted, would make some of the biggest changes to the federal student loan system in decades.
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1 week ago |
nbcnews.com | Annie Nova
Republicans' "big beautiful" bill, if enacted as drafted, would make some of the biggest changes to the federal student loan system in decades. GOP House and Senate lawmakers' proposals would eliminate several repayment plans, keep borrowers in debt longer and roll back relief options for those who become unemployed or run into another financial challenge. The House advanced its version of the One Big Beautiful Bill Act in May.
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1 week ago |
cnbc.com | Annie Nova
Vitranc | E+ | Getty ImagesOne provision in Republicans' "big beautiful" bill would narrow the relief options for struggling student loan borrowers. House and Senate Republicans both call for the elimination of both the economic hardship and unemployment deferment. Those deferments allow federal student loan borrowers to pause their monthly bills during periods of joblessness or other financial setbacks, often without interest accruing on their debt.
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The Education Dept. promised student loan borrowers in the SAVE forbearance that interest won't accrue on their debt. But borrowers are receiving notices telling them otherwise. I spoke to one woman who has seen her debt grow by thousands of dollars. https://t.co/87QphRDKRp
An Education Dept. spokesperson told me the agency is pausing its plan to garnish people's Social Security benefits if they're behind on their student loans. https://t.co/zG5i9IUVC6
Those impacted by the California wildfires with student loans have options, should they need them. https://t.co/irwQ62dBAT