August 24, 2025

Loans

Loans

UMich community reacts to One Big Beautiful Bill Act impact on student loans

On July 4, the One Big Beautiful Bill Act, also known as H.R.1, a sweeping spending and tax bill championed by President Donald Trump, was signed into law. In its nearly 1,000 pages, the bill includes major tax cuts, reductions to Medicaid and the Supplemental Nutrition Assistance Program, an increase in border and defense spending,

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Supreme Court judgement on car loans commission case due today

The Supreme Court is about to give its judgement on car loans commission cases which have threatened to re-write the historic relationships and responsibilities between motor finance houses, brokers and dealerships, and the car buyer signing up for finance. After hearing the appeals of Johnson v FirstRand Bank (trading as MotoNovo), Wrench v FirstRand Bank and

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Loans

‘Absolute transparency’ required on true cost of loans following landmark car finance…

2 August 2025, 23:20 KAVON HUSSEIN, who represents the claimants Andrew Wrench and Amy Hopcraft, speaks to the media outside the Supreme Court as it partially overturns a previous court decision on the car finance commission scandal and rules in favour of the lenders. Picture: Alamy Kavon Hussain, the lawyer representing the two drivers whose

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Elon Musk Warns of Losing Tesla Control, Denies Personal Loans Tied To Shares: ‘I Don’t Have Personal Loans At This Time Against Tesla Stock’ – Tesla (NASDAQ:TSLA)

Elon Musk, the CEO of Tesla Inc. TSLA, has expressed concerns over potentially losing control of the electric vehicle giant due to the influence of activist shareholders. What Happened: Musk, who currently owns a 12.8% stake in Tesla, is apprehensive about being dethroned by shareholders who may not align with his vision for the company’s future. He

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Loans

Student loans in SAVE Plan to begin accruing interest

Nearly eight million student loan borrowers are accruing interest on their debt again. The U.S. Department of Education announced in July that interest charges for people enrolled in the Saving on a Valuable Education (SAVE) Plan would resume on August 1. The income-driven repayment program, which was introduced by the Biden administration in 2023, allowed

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Loans

Millions of Brits could get £1,000s in compensation from six lawsuits – from Mastercard fees to loans, can you claim?

MILLIONS of Brits could get thousands of pounds in compensation after being overcharged on their loans or bills. Several major collective lawsuits have been launched in the past year and consumers may be able to cash in. 1 You could be in line for compensation from one of these class action lawsuits These legal cases

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Loans

Why Bitcoin-Backed Loans Are Fueling the New Wave of Tech Founders in NYC

Crypto-collateralized lending is becoming an alternative means of funding for New York’s newest tech start-ups. As startups and blockchain converge, founders utilize blockchain-secured funding platforms to initiate and scale innovations faster. The New York City tech community is no stranger to financiers’ creativity. What is happening now is an unexpected trend, as startup founders are

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Loans

Interest on Student Loans Is About to Skyrocket for Low-Income Borrowers – Mother Jones

Mother Jones illustration; Getty Get your news from a source that’s not owned and controlled by oligarchs. Sign up for the free Mother Jones Daily. When President Joe Biden announced the creation of the Saving on a Valuable Education (SAVE) program in 2023, Sarah Letsinger enrolled immediately. Graduating in 2012 with a degree in fashion

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Loans

Interest resumes for student loans under SAVE plan

The SAVE plan has been in legal limbo for months since the program was struck down by a federal appeals court. WASHINGTON — It’s August 1, which means the Department of Education has begun accruing interest again for student loan borrowers who signed up for the Biden-era SAVE plan.  The SAVE plan has been in

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Loans

Changes to student loans in August: SAVE interest rates are back | Education

A major change is coming to student loans. At the beginning of August, around eight million borrowers will once again see interest accrue on their loans, as more than a year of relief provided by the Biden administration’s Save a Valuable Education (SAVE) plan comes to an end. Since the summer of 2024, borrowers enrolled

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