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SAVE Borrowers, Your Student Loans Will Start Accruing Interest Again on Aug. 1: What to Know

Getty Images/Zooey Liao/CNET It looks like time has run out for the nearly 8 million student loan borrowers enrolled in SAVE. The US Department of Education announced that loans will resume accruing interest on Aug. 1. Borrowers enrolled in the Saving on a Valuable Education Plan, a product of the Biden administration, have been in limbo since June 2024, when Republican opponents challenged the plan and later struck down by a federal court. Since then, borrowers have had their loans placed in

Student Loan Repayment Plans Will Last as Long as Most Mortgages. How Much the New Budget Bill Will Cost You

The Republican-led policy bill cuts repayment plans to two options for future borrowers. Getty Images/Zooey Liao/CNET The Republican-led "One Big Beautiful Bill" was signed into law by President Donald Trump last week, which will result in major changes to student loans, including fewer repayment options, caps on borrowing and new rules for Pell Grants. The nearly 900-page bill means a lot of changes for taxes and Medicare, but its impact on higher education could alter how colleges operate an

GOP Budget Bill Reduces Student Loan Repayment Options and Limits Borrowing. What You Need to Know

Republican lawmakers have proposed major changes to student loans, which would affect current and future borrowers. Liudmila Chernetska/Getty Images/CNET Congress is one step closer to passing federal student loan changes in the Republican-led "One Big Beautiful Bill." The Senate narrowly passed its version of the budget bill earlier this week, and it is now back in the House. If the House does decide to pass the bill as is -- and there could be more amendments, so nothing is final -- borrower

GOP Student Loan Overhaul: Here's Who Will See Lower Monthly Payments and Who Will Pay More

Republican lawmakers have proposed major changes to student loans, which would affect current and future borrowers. Liudmila Chernetska/Getty Images/CNET Republicans in Congress are moving closer to overhauling the federal student loan system with budget legislation that, following US President Donald Trump's lead, they call "One Big Beautiful Bill." House Republicans passed their version of the bill in May, and the GOP-majority Senate's Committee on Health, Education, Labor and Pensions releas

Trump administration moves to count crypto as a federal mortgage asset

In a landmark shift for the U.S. housing finance system, the Federal Housing Finance Agency has issued a directive ordering Fannie Mae and Freddie Mac to formally consider cryptocurrency as an asset in single-family mortgage loan risk assessments. The move, signed by FHFA Director William J. Pulte on Wednesday, signals a new era of crypto integration into traditional financial infrastructure — this time within the core of American home lending. The order directs both housing finance giants to

5% Mortgage Rates Are Real. How Homebuyers Are Making It Happen

Tharon Green/CNET Over the last several years, record-high home prices and high mortgage rates have made homeownership unaffordable. As 30-year fixed mortgage rates remain flat near 7%, homebuyers have been finding creative ways to score rates below what lenders advertise. Last year, nearly half of buyers purchased a home at a rate below 5%, according to Zillow. "With borrowing costs elevated, buyers can take steps to reduce their housing expenses by securing a lower mortgage rate," said Hann

Homebuyers Are Scoring 5% Mortgage Rates With These Simple Strategies

Tharon Green/CNET If you're looking to buy a home, you probably know that housing affordability is in the dumps. Record-high prices and high mortgage rates are serving a double whammy to prospective buyers everywhere. But mortgage rates aren't set in stone. Although current rates are hovering near 7%, more borrowers are finding creative ways to snag rates below what lenders advertise. Last year, nearly half of buyers purchased a home at a rate below 5%, according to Zillow. "With borrowing co

If You're a Student Loan Borrower Enrolled in Save, Make This Move Now While Your Payments Remain Paused

If you're enrolled in SAVE, make this move while your payments remain on hold. Pla2na/Getty Images/CNET There's been a lot of student loan noise over the past year, but little clarity for borrowers enrolled in the Saving on a Valuable Education repayment plan. We've witnessed several updates to student loan programs over the past year, from proposed changes to Public Service Loan Forgiveness eligibility to the ramping up of collections efforts on defaulted student loan accounts to a new Republ

SpyLend Android malware downloaded 100,000 times from Google Play

An Android malware app called SpyLend has been downloaded over 100,000 times from Google Play, where it masqueraded as a financial tool but became a predatory loan app for those in India. The app falls under a group of malicious Android applications called "SpyLoan," which pretend to be legitimate financial tools or loan services but instead steal data from devices for use in predatory lending. These apps lure users with promises of quick and easy loans, often requiring little documentation an

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