All articles tagged with #borrower protections
The Trump administration is considering selling parts of the $1.6 trillion federal student loan portfolio, but experts and advocacy groups express skepticism about the financial benefits and concerns that such a sale could shortchange borrowers and benefit wealthy investors at the expense of struggling families.
As federal student loan borrowers prepare to resume their monthly payments in October, retailers are expected to face headwinds, particularly in the apparel, accessories, restaurant, and footwear sectors. A survey suggests that consumer spending will be curtailed, with concerns about affording monthly expenses due to student loan payments. Companies like Lululemon Athletica, Foot Locker, and Urban Outfitters are identified as the most exposed to spending cutbacks. However, discount retailers like Walmart, Costco, and TJX Companies may navigate the headwinds effectively. The specialty apparel and footwear sector is likely to face challenges, with respondents indicating a reduction in spending on these items. Policy developments offer some borrower protections, but hopes for student loan forgiveness were dashed by a Supreme Court ruling.