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.

Overall, the change will see borrowers being charged more than $27 billion in interest over the next 12 months.

By next summer, new borrowers will have just two repayment options, streamlining the previous menu to pay off higher-education debt. Here’s what to know.

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.

It will soon get harder to pay off your student loans. On Friday, President Trump signed the One Big Beautiful Bill Act into law, restructuring the federal student loans system and making it more difficult to finance your education through loans.

President Trump’s Big Beautiful Bill is massively rolling back federal student-loan programs in a nearly complete-180-degree turnaround from the Biden-era debt-forgiveness movement. The

WASHINGTON (AP) — The Supreme Court on Monday cleared the way for the Trump administration to continue unwinding the Education Department, allowing it to move ahead with mass layoffs and a plan to outsource the department’s operations to other agencies.

Some borrowers in the U.S. who benefit from Public Service Loan Forgiveness may soon see changes to their repayment plans. Here's what we know.