How the US student loan ‘cliff effect’ could add years...

Dununu.com Dununu

Sponsorluk

How the US student loan ‘cliff effect’ could add years and tens of thousands to your repayments

RSS Feed EĞİTİM BİLGİLERİ

Posted

84

A new US student loan repayment system, introduced under President Donald Trump’s legislation, will scale repayment terms from 10 to 25 years based on loan balances. Known as the ‘cliff effect’, minor increases in debt can lead to significantly longer and costlier repayment periods. Borrowers may repay up to $50,000 more over time. From July 1, 2026, only two repayment options will be available for new loans, narrowing choices for future US student borrowers.

Read Full Article

Please log in to like, share and comment!

‘Mahavatar Narsimha’ mints USD 1 million in North America

Mahavatar Narsimha, the animated mythological film, has achieved remarkable success, crossing USD...

By 0 1

Landslide blocks Jayaram-Halesi road section on Mid-Hill Highway

HALESI: A landslide caused by continuous rainfall has completely blocked the Jayaram-Halesi road...

By 0 7

US embassy alerts now on WhatsApp: US citizens in India will get real time updates and travel advisories

The US Embassy in India has launched a WhatsApp alert service. This is for American citizens...

By 0 10

Not SRK! This star was first in line for Chak De! India

Shah Rukh Khan delivered a memorable performance in 'Chak De! India,' but the role was initially...

By 0 15

EĞİTİM BİLGİLERİ

Will schools be closed on August 16? Check details here

By 0 27