A viral post turned into tuition relief. 💜 Olivia Rodrigo personally stepped in to pay the final semester tuition for Jamie Mcausey, a first-generation student at the University of Alabama. With US federal student loan debt sitting around $1.9 trillion, Mcausey turn to social media to share her financial struggles and caught the attention of Rodrigo, who reached out privately to cover her balance. Should more celebrities do this? #yahoofinance# #tuition# #studentloans# #celebritynews# #olividarodrigo#

Education Department Will Restrict Student Loan Forgiveness Credit Under New Repayment Plan The new rules set the framework for how federal student loans can be repaid following the passage of historic legislation by congressional Republicans and President Donald Trump last year that will fundamentally reshape how borrowers repay their student loans. But buried in the new regulations is a significant change that may ultimately impose major costs on borrowers by limiting their ability to receive credit toward student loan forgiveness when changing their repayment plan. Read more: (Photo: Bill Clark/CQ-Roll Call, Inc via Getty Images)

FEDERAL DEFICITS COULD DRIVE UP STUDENT LOAN COSTS A Conference Board study warns that rising U.S. deficits can push up interest rates and make student loans more expensive. For a hypothetical student borrowing $75,000, lower deficits could reduce lifetime payments by about $14,000. In an extreme one-week government default scenario, payments could rise by roughly $44,000. Americans now owe about $1.87 trillion in federal and private student debt.