Financial News

From repayment policy changes to a sweeping one-time debt forgiveness plan, 2022 proved to be a high-profile year for student loans. But questions have clouded the student loan announcements, and answers are few and far between. We don’t yet know how, when or if some of these changes will take form. As 2023 dawns, here are the biggest questions surrounding student loans — and what borrowers can do to prepare amid the uncertainty.

Goods and services are getting less expensive in response to the Federal Reserve’s persistent increases in interest rates. But prices are still higher than they were a year ago. Consumer prices are up 7.1% year-over-year as of November 2022, according to Tuesday’s Consumer Price Index report from the Bureau of Labor Statistics.