July 17, 2025

debt

Loans

New cap on medical student loans, Grad PLUS eliminated

Much of the discussion around President Donald Trump’s sweeping tax and spending bill, which he signed into law on the Fourth of July, has focused on big-ticket items like tax cuts and Medicaid. But a less flashy provision tucked into the bill could affect health care, too.The “One Big Beautiful Bill Act” includes a section

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Banking

Two visions of European finance clash at elite Italian banking gathering – POLITICO

It began last year, when Milanese banking giant UniCredit angered Prime Minister Giorgia Meloni’s government by attempting to take over crosstown rival BPM, which Meloni had hoped to merge with the partially bailed-out Tuscan lender Monte dei Paschi di Siena. In response, Rome deployed screening tools known as the ‘golden power’ — whose purpose is

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Loans

Student loan repayment? OhioHealth says it will help its employees

Top headlines of the week, July 4 2025 Here are some stories you may have missed this week in central Ohio. Dispatch OhioHealth partners with Clasp to offer student loan repayment for future health care workers. The program aims to address staffing shortages and rising student debt in the health care industry. This initiative complements

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Loans

What happened to student loan forgiveness in ‘big, beautiful bill’?

Here’s what the Senate removed from Trump’s ‘Big Beautiful Bill’ Here’s whats left of Donald Trump’s “Big Beautiful Bill” after Senate cuts due to the “Byrd rule.” President Trump’s spending bill introduces changes to student loan programs, including new borrowing caps and repayment plans. Graduate students will have a $100,000 lifetime borrowing cap, while medical

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Loans

Senate awaits ‘Big, Beautiful bill’ vote. How student loans may change

The winners and losers in the ‘big beautiful bill’ These are the potential winners and losers from the tax bill, which President Donald Trump has dubbed the ‘big beautiful bill’. Congress is closer than it’s been in a long time to massively reforming college financial aid. On June 10, GOP lawmakers in the U.S. Senate

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Finance

German finance minister says he’s ‘confident’ fiscal expansion won’t run afoul of EU rules – POLITICO

The scale of Germany’s ambitions to radically expand defense and infrastructure spending have raised thorny questions about how such spending can be reconciled with EU fiscal rules that Germany — previously a fiscal hawk — had long pushed for. Since March, however, Germany has led a concerted pushed for a loosening of those rules to

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Loans

PCC: Federal loans no longer offered starting in fall | Local News

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Loans

Producers taking more conservative approach, report no plans for major purchases

Wisconsin farmers and producers across the Midwest had more debt and less capital to start the year, increasing the stakes for the 2025 crop. The Federal Reserve Bank of Chicago, which covers southern and eastern Wisconsin along with states like Illinois and Iowa, and the Federal Reserve Bank of Minneapolis, which represents western and northern Wisconsin in

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Banking

EU resurrects banking practice that caused the 2008 financial crisis – POLITICO

In the pre-2008 lending boom, American banks sold their dodgiest “subprime” loans to investors around the world. When the U.S. housing bubble burst and borrowers defaulted en masse, a global financial crisis ensued. Brussels now wants to loosen the rules governing the practice, meaning banks would need to put aside less capital against the loans

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Loans

Student Loans: Borrowers See Balances Surge Despite Forbearance Promise

Student loan borrowers enrolled in the federal Saving on a Valuable Education (SAVE) plan reported unexpected increases in their loan balances, despite government assurances that no interest would accrue during their forbearance period. Affected individuals saw debts rise by thousands after receiving notices from the loan servicer Mohela indicating continued interest accrual, CNBC reported Monday.

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