Colin Graves

2 days ago | thecollegeinvestor.com | Colin Graves

Nearly 6 million borrowers are past due or in default, according to the Federal Reserve Bank of New York. Delinquency rates are especially high in the South, with seven states seeing rates over 30 percent. Borrowers with mid-to-high credit scores are facing sharp declines, limiting access to future credit. Federal student loan delinquencies have returned to pre-pandemic levels, according to new data released by the Federal Reserve Bank of New York.

3 days ago | thecollegeinvestor.com | Colin Graves

Borrowers who reach 120 qualifying payments under PSLF may see a green banner on StudentAid.gov confirming they’ve met program requirements. Final forgiveness is not official until the loan servicer issues what borrowers call a “golden letter.”These terms are widely used online, but they are informal and not officially defined by the Department of Education.

4 days ago | thecollegeinvestor.com | Colin Graves |Robert Farrington

Income-Driven Repayment (IDR) plans provide affordable monthly student loan payments by basing the payments on a portion of the borrower’s discretionary income, as opposed to the amount they owe. Generally, IDR plans will yield lower student loan payments when the borrower’s total student loan debt exceeds their annual income. However, there are ways to decrease the student loan payments even further. Monthly student loan payments under IDR plans are based on a percentage of discretionary income.

5 days ago | thecollegeinvestor.com | Colin Graves

The proposed tax bill extends the ability to roll over 529 college savings funds into ABLE accounts beyond 2025. Contribution limits tied to the annual gift tax exclusion would remain higher with a new inflation adjustment based on 1996 levels. The Saver’s Credit would continue to apply to ABLE contributions through at least 2026. Americans with disabilities will continue to have tax benefits to encourage savings.

6 days ago | thecollegeinvestor.com | Colin Graves

A new House tax proposal extends tax-free student loan forgiveness, but only for death or total and permanent disability discharge. Other types of loan forgiveness, including those tied to income-driven repayment plans, are not covered. The extension would take effect for discharges after December 31, 2025, keeping a narrow exemption alive beyond its current expiration date.