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Tips for Navigating the ‘Chaotic System’ of Student Loan Repayments

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Tips for Navigating the ‘Chaotic System’ of Student Loan Repayments

So you’re about to graduate from college. Congratulations. But now you have to think about finding a job and, sooner than you may prefer, starting to repay your student loans.

It’s especially important to understand your options, experts on student borrowing say, because many aspects of the federal student loan system are in flux.

The system, which has always been challenging to navigate, is only now creaking back into full operation after years of Covid-era pauses on payments and collections. And court challenges to a low-cost repayment option, along with program changes floated by the Trump administration and House Republicans, have created a potentially confusing environment for new graduates.

“They’re graduating into a time of uncertainty around what their repayment options will look like,” said Abby Shafroth, the director of the National Consumer Law Center’s Student Loan Borrower Assistance Project.

One repayment plan, known as SAVE and introduced by President Joseph R. Biden Jr., significantly shrank monthly student loan payments depending on a borrower’s income and household size. But the program is in legal limbo because of a court challenge by two groups of Republican-led states. It’s unavailable now, and may not remain an option.

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Three other, less generous “income-driven” repayment plans that link monthly payments to a borrower’s income remain available, but details could change. A measure under review in the House would reduce the various income-linked options to just one.

“Borrowers are getting dropped into a chaotic system that’s changing in real time,” said Winston Berkman-Breen, the legal director at the Student Borrower Protection Center, an advocacy group.

The upshot is that new graduates should keep in mind that the repayment plan they initially choose may look different in the coming months or years, depending on court decisions, government action and the effective date of any changes.

“They should focus on what’s available now and which plan makes the most sense now,” Ms. Shafroth said, “and expect they may have to revisit options later.”

Here’s what to know.

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Most federal student loans come with a grace period of at least six months after graduation. So you have some breathing room to get your life sorted and to choose a repayment plan. If you graduate in May, you typically won’t have to start paying until around November.

Student borrowers are required before graduation to complete student loan “exit counseling” — often via a 30-minute online tutorial — to learn about their loan obligations and repayment options. Pay attention to the information because it can keep you on track, said Michele Zampini, the senior director of college affordability with the Institute for College Access & Success, an advocacy group.

Familiarize yourself with the available repayment plans, said Betsy Mayotte, the president of the Institute of Student Loan Advisors, which offers free assistance to borrowers. You can check the Federal Student Aid website to compare options and see any updates that may affect your loans.

It may sound obvious, but make sure that your loan servicer — the company that the Education Department has hired to send statements, collect payments and otherwise manage your loan — knows how to get in touch with you once you leave school, Ms. Mayotte said.

If you don’t know which servicer you have, log on to your account at the federal StudentAid.gov website to find out. Then get in touch to update your contact information, including your addresses for both email and physical mail. (You probably created the account when you applied for financial aid using the Free Application for Federal Student Aid, or FAFSA, form.)

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If you have loans from outside the federal government, such as a private bank, those won’t show up on the Federal Student Aid website. If you can’t find the original loan documents, try looking for the lender’s name on your credit report, Ms. Mayotte said.

Some experts said borrowers should apply as soon as possible for an income-driven plan to get their applications in the queue. But Scott Buchanan, the executive director of the Student Loan Servicing Alliance, an industry group, said borrowers in a grace period should wait to submit an application for an income-driven plan until a month or two before they are scheduled to start paying. If they apply more than 90 days before then, he said, their servicer will reject it as a “stale” application. For those who have to start paying in November, he said, submitting a form in September makes sense.

On the other hand, Mr. Buchanan said, don’t wait until the last minute or you’ll end up scrambling to put a plan in place.

Processing of income-driven repayment plan applications had been on hold as a result of the legal challenge to the SAVE plan. But the Federal Student Aid website, last updated on Monday, says that servicers “have begun processing applications” and that the site will be updated as new information becomes available. There is a backlog of some 1.9 million applications.

Your monthly payment amount depends on which repayment plan you choose. The standard plan — the default option, unless you choose another — calls for repaying loan balances in 10 years.

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Income-driven plans can lower your payments by tying them to your income level and household size. The repayment period, depending on the plan, lasts 20 to 25 years.

To get payment estimates under the various options, enter information about yourself and your loans into the Education Department’s online “loan simulator” tool.

Mark Kantrowitz, a financial-aid expert, advised borrowers to choose the plan with the highest payment they can afford. They’ll pay less interest over the life of the loan and will pay off the debt sooner. Borrowers can use “forbearances,” or temporary deferments, during short-term financial struggles and switch to a more affordable plan for longer-term difficulties.

Yes, but it’s complicated. For instance, borrowers in the Income-Based Repayment plan, which Congress created, can continue to have their loans forgiven if they make enough qualifying payments.

The Education Department, however, has temporarily paused time-based forgiveness for borrowers in two other income-driven plans, known as Pay as You Earn (PAYE) and Income-Contingent Repayment (I.C.R.), because a court ruling on the Biden administration’s SAVE plan raised questions about those plans as well.

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Payments made in PAYE and I.C.R., however, can still count toward forgiveness if the borrower transfers to an Income-Based Repayment plan later, Ms. Shafroth said. She added that payments in PAYE and I.C.R. still counted toward the public-service loan forgiveness program, which erases remaining loan balances after 10 years of work in public-sector or nonprofit jobs. (People using the public-service option generally enroll in an income-driven plan.)

Additional changes may be coming. The Trump administration has solicited public comments on a review of the public-service program. President Trump signed an executive order in March that said the administration planned to exclude from the program certain organizations, such as those that “advance illegal immigration.”

Hundreds of comments have been posted online, many of them in support of the public-service program. Comments will be accepted through Thursday.

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Oil Prices Fall Sharply on News of Possible Iran Deal

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Oil Prices Fall Sharply on News of Possible Iran Deal

Oil prices fell sharply on Monday after American officials said the United States and Iran had agreed in principle to a peace deal that would reopen the Strait of Hormuz, a vital trading route for oil and natural gas that normally carries up to one-fifth of the world’s oil supply. But final approval of a deal could take a while.

President Trump vowed on Monday that either a deal would be “great and meaningful” or “there will be no deal.” Esmaeil Baghaei, the Iranian foreign ministry spokesman, said on Monday that “no one can claim that the signing of an agreement is imminent,” according to Iran’s state broadcaster. Iran’s top negotiators, led by Mohammad Bagher Ghalibaf, the speaker of Parliament, arrived in Qatar on Monday for further talks, Iranian state media said.

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Commentary: Are dodos and mammoths coming back from extinction? Don’t count on it

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Commentary: Are dodos and mammoths coming back from extinction? Don’t count on it

Colossal Biosciences claims to be on the road to reviving another extinct species. They’re not even close

My inbox started filling up with the supposedly groundbreaking news early Tuesday, breathless news articles about a biological breakthrough that will allow a long-extinct giant bird to walk the Earth in modern times.

My reaction was this: “Not this same old yarn again.”

The company promoting its supposed breakthrough is Colossal Biosciences. That’s the Dallas business that created a PR-fueled frenzy last year with an announcement that it had brought the dire wolf back from extinction.

The de-extinction breathlessness potentially endangers real animals for the sake of hypothetical future de-extincted ones.

— Biologist Paul Knoepfler, UC Davis

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Its announcement caught fire because the dire wolf was a species depicted in the TV series “Game of Thrones” — indeed, part of the company’s publicity campaign featured a shot of George R.R. Martin, the author of the Game of Thrones books, cradling a fluffy wolf-like pup in his arms.

Colossal’s latest announcement was that it has hatched 26 chickens in an “artificial egg” — a “foundational step,” it said, “toward resurrecting extinct bird species” such as the New Zealand giant moa and the dodo.

The announcement resembled Colossal’s rollout of the “dire wolf” pups: Publications that had received guided tours of its lab produced breathless articles taking Colossal’s claims at face value, generally lacking skeptical commentary by unaffiliated biologists.

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The company’s latest announcement is connected with its larger campaign to “de-extinct” long-disappeared animals and restore them to their ancient habitats.

Its “landmark” project in this respect is “the resurrection of the woolly mammoth … It will walk like a woolly mammoth, look like one, sound like one, but most importantly it will be able to inhabit the same ecosystem previously abandoned by the mammoth’s extinction.” (Colossal specifies that it’s talking about “a cold-resistant elephant with all of the core biological traits of the woolly mammoth.”

Colossal says it’s considering Asian or African elephants as surrogate parents for its mammoths. Thus far, however, this effort has yielded only a few dozen genetically modified long-haired mice, which evokes the Aesopian adage about the mountain that labored and brought forth a mouse.

To unaffiliated scientists, Colossal’s talk of de-extincting long-gone species is hyperbole: hopelessly premature and consistently oversold. The focus of its latest announcement is not so much an egg as an artificial eggshell — though the company defends its labeling the technology as an “artificial egg” as legitimate. The 26 hatched chicks were grown from fertilized tissue transferred from hen’s eggs into the new container, which functioned essentially as an incubator.

To be fair, the company appears to have successfully developed a membrane that can provide oxygen to the growing embryos better than existing technologies that have allowed chicks to grow outside the shell. But outside scientists suggest it’s a stretch to see that as a major step toward resurrecting the moa, a giant flightless bird that disappeared from its New Zealand habitat in the 1400s.

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Colossal co-founder and CEO Ben Lamm acknowledged that a long road will have to be traversed to move from hatching baby chickens to resurrecting the moa by email. He conceded that “gestation is just one step of many steps in the process.”

Lamm portrayed Colossal’s de-extinction efforts as something of a public service. “Bringing back extinct species allows us to design a long-term system model for endangered species production while also developing novel technologies applicable to conservation today … and in some cases undo the sins humanity has committed,” he said.

Many scientists express concerns about the “de-extinction” idea itself. One is that it’s impossible to resurrect a species that has been gone for so long that no biological material that could provide original DNA exists any longer.

Even if it could be done, whether it should be done is doubtful.

“The environment in which they lived has been evolving since their absence,” says evolutionary biologist Vincent J. Lynch of the University at Buffalo. “To put them back into that environment is introducing an invasive species into an environment in which it hasn’t lived before.” That could produce difficulties for the cloned animals and for modern life, including the possible revival of prehistoric pathogens for which humankind has no defense.

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“The de-extinction breathlessness,” says biologist Paul Knoepfler of UC Davis, “potentially endangers real animals for the sake of hypothetical future de-extincted ones.” Colossal boasts about conservation programs it has helped to fund; those “could do some good,” Knoepfler says, “but it would be far better if more of the capital they raised just went directly to helping protect living but endangered animals rather than trying to bring back extinct ones.”

(Knoepfler gave Colossal his annual science hype award last year for its dire wolf claim. “I’m not convinced that a single animal that they ever ‘de-extinct’ will be the real deal,” he told me.)

Colossal’s de-extinction palaver has been exploited by conservatives to justify attacks on the federal Endangered Species Act and other conservation initiatives. That was the subtext of a tweet Interior Secretary Doug Burgum posted after the dire wolf announcement, proclaiming that “the revival of the Dire Wolf” would allow the Trump administration to “fundamentally change how we think about species conservation.”

None of this is to dispute that the company has been successful in seizing the attention of people with capital to spare. Privately held Colossal raised $200 million early last year on terms that gave it a putative valuation of $10.2 billion. Its “cultural advisory board” boasts influencers such as Martin, Tom Brady and filmmaker Peter Jackson.

The company defends its PR-heavy campaigning as a necessity in the modern world. “We’re competing with the Kardashians,” co-founder Ben Lamm told Rolling Stone. “We are in the attention economy. … If we want people to care about things like genome engineering and CRISPR and conservation, it has to be as thoughtful, as interesting, as what they’re going to see on MTV or Bravo.”

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Lamm told me he was hoping for even more press coverage than the 26 hatchlings received: “I don’t think everyone understood and articulated the incredible challenges overcome in this achievement. I am disappointed more people didn’t cover the news and the significance for developmental biology, science overall and conservation.”

What’s alarming about the credulous coverage that Colossal receives from the press is that it points to a decline in responsible reporting on science. This is what keeps experienced pseudoscience debunkers on their toes.

It’s what has enabled political partisans to sully news columns and the airwaves with unsupported claims that the COVID-19 pandemic originated in a Chinese lab and that anti-pandemic measures — including the COVID vaccines — were worse than letting the infection spread.

In recent weeks, the press has been filled with what the veteran debunker David Gorski labeled a “credulous take” on acupuncture, ostensibly explaining how acupuncture works — never mind that there is no solid evidence that acupuncture does work.

Once misinformation or disinformation takes root in the public sphere, it’s almost impossible to eradicate. A couple of examples related to Colossal should suffice. One comes from Rolling Stone, which headlined its article about the chicken hatchlings thusly: “First They Brought Back Dire Wolves. Next Up? Artificial Wombs.”

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The problem here is that Colossal did not “bring back dire wolves.” The company’s chief scientist, Beth Shapiro, acknowledged as much a few weeks after its initial announcement, telling New Scientist, “It’s not possible to bring something back that is identical to a species that used to be alive. Our animals are grey wolves with 20 edits that are cloned.”

The Rolling Stone article, which posted Tuesday, was based in part on a tour of its Dallas lab the company granted a reporter in February.

“To enter Colossal’s 55,000-square-foot Dallas headquarters is to find one’s senses fairly assaulted by the Power of Tech,” the publication wrote, describing it as a place where “many wondrous things are happening.”

Discover Magazine’s article about the hatchlings was similarly uncritical, starting with the headline: “Colossal Hatches Healthy Chicks From an Artificial Egg, Setting the Stage for Giant Moa De-Extinction.”

Not everybody has swallowed the Kool-Aid. Standout reporting on Colossal has been done by Michael Le Page of the British journal New Scientist, whose most recent article bristled with skeptical takes about the hatchling announcement from established scientists.

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Colossal’s approach to communicating its work with what I termed last year “unsparing razzmatazz” is playing with fire. That’s because the public that has bought into its inflated spiel may end up being let down with a jolt.

“Eventually it’s going to come out that they didn’t de-extinct the dire wolf or the moa,” Lynch says. “When people realize that, it’s going to negatively impact their understanding of science and their belief in scientific claims, at a time when people are already skeptical about what we do.”

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New Waterside Getaways for the Summer

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New Waterside Getaways for the Summer

It’s that time of year when thoughts turn to sunny, lazy days by the water. Whether you are longing for an ocean beach or a grassy riverbank, here are new properties to consider, including laid-back retreats in the Hamptons; a chic hotel on the harbor in Charleston, S.C.; and luxurious resorts in Portugal and Majorca — just in time to plan a summer getaway.

Montauk, N.Y.

More than 40 years old, the Sunset Montauk, about a 10-minute drive from the Montauk Point Lighthouse, has been reimagined for a new generation. Drawing inspiration from the area’s surf culture, it is now the 29-room-and-suite boutique Hotel Corduroy with a retro, breezy atmosphere. Step into the lobby and you’ll find a Swedish armchair upholstered in a kilim rug, lighting from the 1970s and a large photograph of a surfer.

Rooms are spread across three buildings with 1960s-style furniture, including reeded bamboo bedside tables, and other nods to the past, like vintage cassette players. Choose from tapes in the lobby with music by Willie Nelson, Steely Dan, Neil Young, Dolly Parton and the Cars. Ward + Gray worked on the hotel’s interior design. Outside, the bay is almost at your doorstep.

It’s a short drive to the village of Montauk and to Ditch Plains Beach on the Atlantic; a 10-to-15-minute drive brings you to Montauk Point State Park and Camp Hero State Park. The property offers guests access to a private area on Sunset Beach (from June through mid-September), as well as bikes. You can play cornhole and bocce on the lawn, or laze on a sofa or a lounge chair. Rates from $850 a night in June, and from $995 in July and August. Dog-friendly rooms are available for $75 a night per dog.

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Hampton Bays, N.Y.

On the water by Shinnecock Bay in Hampton Bays, this casual 18-room-and-suite hotel was once a 1960s motor inn. Today it’s a hideaway in a residential neighborhood with a pool and dock on Penny Pond that has space for guests who bring boats.

Hop on one of the hotel’s complimentary bikes and ride to Atlantic beaches, where you can surf, soak up the sun and check out restaurants. (Popular spots in Southampton, like Cooper’s Beach, are about a 20-minute drive away.)

Part of Lark (a New Hampshire-based boutique hotel company), the Penny Lane provides free breakfast in its airy lounge area. Rooms have mini-fridges and are decorated in white with touches of green and pale wood. Accommodations include king rooms with porches, and one- and two-bedroom suites. Some have water views. Rates from $349 a night, double occupancy. Pets are an additional $50 a night. The hotel is open April through October.

This new 191-room-and-suite escape named for the Cooper River has a prime spot on Charleston’s harbor. Its polished maritime vibe befits its location, with wide-plank oak floors and shiplap wall paneling by the New York-based interior design studio Champalimaud Design. There’s also a private marina where boats, including a Hinckley yacht, are available for excursions.

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Stretch out on a daybed or in a cabana at the rooftop infinity pool and sample cocktails and bites from Bar Marti overlooking the harbor. The chef Nick Dugan of Charleston’s Sorelle is overseeing the Cooper’s restaurants, including the Crossing, a yacht-inspired space designed by the New York City-based architecture and design firm Meyer Davis, with teak floors, lacquered blue ceilings and water views. Linger over hummus and baba ghanouj with pita, wood-fired black bass, and crudo and shellfish from the raw bar. Coming this summer: CurrentBurger will serve nostalgic fare like smash burgers, fries and milkshakes. Or stop in at the hotel’s Cooper Coffee & Wine, which will offer coffee and breakfast during the day and transition to a wine bar in the evening.

After exploring, unwind in the 7,000-square-foot spa and, in case you don’t get all your steps in, there’s a 24-hour fitness center. Rates from $895 a night.

Alentejo region, Portugal

About 80 miles south of Lisbon, on the coast of Portugal’s rugged Alentejo region, Sublime Sand — a village-like enclave featuring 43 villas that opened this month — is set amid sand dunes, rice fields and pine forests.

The villas, which have private pools, make it easy for multigenerational families and groups to stay together. Explore forest trails, go for a bike ride or introduce the youngest members of your party to the kids’ club with its own pool. There’s a spa, fitness areas and tennis and padel courts. A gathering space called Aqua has indoor and outdoor pools, a hammam, a hot tub, an Italian restaurant and a poolside bar. And though the property is about four miles from the shore, because of environmental regulations, Sublime offers access to a private beach that you can visit via buggies.

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The family-friendly Sublime Sand is across from Sublime Terracotta, a luxurious adults-only getaway; together they are known as Sublime Comporta. Between them there are nine places to eat and drink, including three new restaurants: the upscale steakhouse Beefbar, which originated in Monte Carlo; Davvero Comporta, an Italian restaurant; and Davvero Blu, a poolside bar. After dark, head to the resort’s nightclub, Ruína. Rates for Sublime Sand start at about $1,400 a night.

Also in Alentejo, Atlantic Club Comporta, a real estate development and community inside the Sado Estuary Nature Reserve, is a new collection of 24 villas created by two of the most celebrated names in design: the French interior designer Jacques Grange, whose clients have included Yves Saint Laurent and Valentino, and the American garden designer Madison Cox, known for gardens around the word such as the Jardin Majorelle in Marrakesh.

Each of the villas has several buildings (for example, a main house and a guesthouse) and their owners can rent out one or more. Set on 35 acres, the villas have courtyards and hotel-like amenities, including housekeeping and concierge services. Weekly rates for a house begin at around $15,000, or about $2,143 a night. Inquiries can be made on the Atlantic Club Comporta’s booking page.

Majorca, Spain

Opening June 1, this sun-drenched escape perched above the Bay of Palma in Calvià has 131 rooms, suites and casitas, some with plunge pools or private rooftop pools.

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Designed by the Madrid-based firm BG Arquitectura and the interior designer Laura Gonzalez, the property is a short drive or bike ride to the glamorous Puerto Portals marina. Many of the contemporary rooms have sea views; some have balconies or terraces. Beyond your room, there’s a half a dozen places to eat and drink, including Matsuhisa which will have a sushi counter and an outdoor bar with Nobu-style Japanese cuisine and sushi; Leña, a steakhouse by the Spanish chef Dani Garcia, known for the Michelin-starred Smoked Room restaurant in Madrid; and Jacinta, a Mexican taqueria and cantina.

Ditch your phone at the spa with a massage like the Tech Detox. There’s also an indoor pool, two outdoor pools, steam rooms, cold plunges, aromatherapy showers and a fitness center that offers yoga, meditation and circuit-training classes. Stroll the coastline, and hit the clay courts overlooking the Mediterranean for tennis or padel. Rates from $1,839 a night.

Follow New York Times Travel on Instagram and sign up for our Travel Dispatch newsletter to get expert tips on traveling smarter and inspiration for your next vacation. Dreaming up a future getaway or just armchair traveling? Check out our 52 Places to Go in 2026.

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