Last month, a federal judge blocked the Biden administration-era SAVE plan, an income-driven student loan replacement program with 8 million borrowers, claiming it lacked the authority to forgive millions of dollars in debt. In response, the Trump administration paused all applications for income-driven repayment plans and online loan consolidation, leaving some borrowers in limbo struggling to make ends meet.
The article says the loan costs have increased and gives lots of examples.
It doesn’t explain why the increases have happened.
Try again. It’s the 4th paragraph.
But that’s new applications. It doesn’t explain why existing loans have increased.
Maybe cause of the 5trilion the US market has lost?
I don’t see the connection between the stock market falling and student loans being more expensive.