The car loan interest deduction is finally official — but the fine print on who actually qualifies changes the math dealers are quoting you.
The Government Accountability Office confirmed that the Department of Education stopped checking student loan servicer accuracy after cutting 46% of its staff. Four of five servicers were already failing.
The One Big Beautiful Bill Act brings major student loan changes in 2026 that disproportionately affect borrowers over 40. Parent PLUS loans get capped, income-driven repayment plans are being eliminated, and new borrowers lose access to forgiveness. Act before the June 30, 2026 deadline.
More than 12 million federal student loan borrowers are delinquent or in default as Trump’s One Big Beautiful Bill Act overhauls the system. New repayment rules, taxable forgiveness, and resumed wage garnishment mean every borrower needs to understand what’s changing.
Record tax refunds are coming in 2026—$100 to $150 billion total, with average refunds up $1,000. If you’re in debt, this windfall could help. But before throwing it at credit cards, consider whether that’s actually your best move.
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