About This Trend
A loan is a sum of money borrowed by an individual or business from a lender, often with interest.
According to recent reports, changes in the student loan landscape have led to increased interest in loan options and repayment plans. A recent bill ending the Grad PLUS loan program and introducing new limits on federal student loans has sparked significant attention. Additionally, the blocking of the SAVE plan in 2024 has affected repayment options for many borrowers. A report highlights the impact on borrowers, particularly those with lower incomes.