April 24, 2025

Fiscal Policy News

Loans

Collection on defaulted student loans to restart May 5

The change will lead to garnished wages and benefits for more than 5 million Americans starting this summer. Collection of defaulted student loans to resume May 5: What to know Since the pandemic, federal student loan borrowers have been mostly protected from the harshest consequences of defaulting. That’s about to change on May 5. WASHINGTON

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Loans

Federal government plans to go after delinquent student borrowers. What to know

Do college graduates have regrets about their chosen majors? With the rising cost of college, Americans currently owe nearly $1.8 trillion in student loan debt. What majors are worth the money? The U.S. Department of Education will restart involuntary student loan collections on May 5. Borrowers in default for 270 days or more will face

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Funds

Mississippi Department of Education fights $137M federal funds cut

“These are not just numbers on a spreadsheet; they represent critical services and supports that directly benefit our most vulnerable students.” Subscribe to Clarion Ledger: Local journalists covering local stories Clarion Ledger journalists cover the important moments in Mississippi. Support local journalism by subscribing. Staff The U.S. Department of Education announced an immediate end to

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Investors

Sock market edges down at open on inflaton and tariff worries

Tesla trade-ins hit record high amid Elon Musk controversy Tesla trade-ins have reportedly hit a record high amid a brand crisis linked in part to CEO Elon Musk’s involvement in the Trump administration. According to the Washington Post, Teslas made up 0.4% of all vehicles traded at traditional dealerships a year ago. That figure doubled

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