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Also seefour reasons to put your student loan payments on autopay.
Recently, yields for newly issued 10-year Treasury notes hit their highest level since 2007.
Similarly, private student loan rates may have recently increased.
Existing borrowers could find both relief and uncertainty, with the outcome depending closely on their specific situation.
Experts also said the Trump administration could revive his 2017 student loan proposal.
However, ifexisting forgiveness programswere to change, some borrowers could be hurt.
Shirshikov said he observed some companies embrace this approach, which could dramatically increase employee enthusiasm and retention.
Nevertheless, experts said that any changes in student loan forgiveness will take time.
If federal aid becomes more accessible or affordable, it could alleviate financial burdens on students and families.
However, these benefits may take time to materialize, especially if legislative approval is required.
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