Last week, the average interest rate on 10-year fixed-rate private student loans moved up. Private Student Loan Interest Rates The average fixed interest rate on a 10-year private student loan was 7.59% from November 17 to November 22.

President Donald Trump's fiscal plan has called for many changes for student loan borrowers under the DOE. For one, undergraduate loans are capped, and the GRAD PLUS program has been eliminated. There’s also a new Repayment Assistance Plan, but only students pursuing a “professional” degree can borrow up to $50,000 per year.

KEY TAKEAWAYS The "One Big, Beautiful Bill" will restrict the amount of federal student loans available to college students next year. Students may have to take out riskier private loans to cover the rest of their schooling.

Trump's Department of Education said it plans to remove the partial financial hardship requirement to enroll in income-based repayment in December.

The Trump administration has asked for an 18-month extension to meet the terms of a settlement in the Sweet V McMahon Borrower Defense case

Paying off your loans early might save you money.

Defaulted Student Loan Wage Garnishments Return, Prompting Bipartisan Congressional Protection Bill. Benson, United States – November 21, 2025 / Maryland Wage Garnishment Stoppers / As federal student loan collections ramp up following a multi-year pause,