The administration of President Donald Trump is making changes to a popular student loan relief program that has helped borrowers across the U.S. The administration issued a new rule on Thursday that affects the Public Service Loan Forgiveness program.

Key Points ・The federal tax-free exclusion for most student-loan forgiveness under the American Rescue Plan Act of 2021 expires on Dec. 31 2025. ・Starting in tax year 2026, forgiven loan amounts under many loan forgiveness programs may again be treated as taxable income.

As the new academic year approaches, students and families across the country are scrambling to finalize their college funding plans. Tuition, housing, books and fees can add up quickly, though, so even the families who've saved diligently to cover the ...

Medical educators and health professionals warn that new federal student loan caps in President Donald Trump's tax cut law could make it more expensive for many people to become doctors and could exacerbate physician shortages nationwide.

HOUSTON, Texas (KTRK) -- For the first time ever, the federal government is putting a cap on student loan borrowing. It's another change ushered in with the passage of the "One Big Beautiful Bill." Borrowers will now have a lifetime limit of $257,500 for ...

We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. When it comes to borrowing money for higher education, the choice often boils down to two paths: federal student loans or ...

Elizabeth Guevara is a journalist working to explain the world of business and economics and how it impacts your finances. She joined Investopedia in 2024 as a breaking news writer covering personal finance Marco VDM / Getty Images The 'One Big Beautiful ...