“The department urges all borrowers in the SAVE plan to quickly transition to a legally compliant repayment plan,” Secretary of Education Linda McMahon said in a news release. Money; Getty Images The ...

In proposed regulations for the car loan interest deduction, the IRS addresses issues for taxpayers and lenders, including eligibility criteria for the deduction and information-reporting requirements ...

Discover how simple interest benefits borrowers in car loans and consumer purchases, and learn why it might not be ideal for ...

NEW YORK (PIX11) — Some student loan borrowers will start seeing interest accruing on their accounts at the end of July, according to an announcement from the Department of Education. Beginning Aug. 1 ...

Here’s how the central bank’s interest rate stance influences car loans, credit cards, mortgages, savings and student loans. By Tara Siegel Bernard The Federal Reserve lowered its key interest rate by ...

While many types of student loan forgiveness are tax-free federally, several states may levy taxes on student loan ...

The Federal Reserve's recent 0.25% interest rate cut may make it cheaper for consumers to take out large loans. A lower interest rate can reduce the total amount paid on a car loan over its term, ...

The Trump administration’s Department of Education is taking action to channel millions of borrowers who are in legal limbo back into repayment. The department announced Wednesday that interest on ...