Big changes could be coming for student loan borrowers
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 24 June 2025
⏱️ 8 minutes
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Summary
Currently, if you or your kids get into college and don’t have the money to pay for it, you can borrow however much you need from the federal government to cover tuition and living expenses. If the tax cuts and budget bill working its way through Congress passes, that won’t be the case anymore. Plus, some oil experts aren't worried about the Strait of Hormuz and Fed Chair Jerome Powell heads to Capitol Hill.
Transcript
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| 0:00.0 | Financial markets are ticking along almost disassociated with the sharp turns overnight in the Israel-Iran war. |
| 0:09.6 | I'm David Brancaccio in Los Angeles. As you've been hearing both Israel and Iran are accusing each other of violating an apparent ceasefire announced late yesterday by President Trump. Trump is expressing something between anger and |
| 0:22.4 | exasperation this morning. Players in financial markets are adopting the view that it is a |
| 0:27.9 | less risky situation today. Crude oil is down, 4.7%, 6529 a barrel in New York. The stock market is |
| 0:36.5 | open and higher. The Dow's up 361 points, 9 tenths percent. The S&P also up 9 tenths percent. The NASDAQ and early trading up 1.2 percent. Traders seem convinced that Iran will not close the vital export waterway between Iran and Oman, the Strait of Hormuz. Marketplaces Elizabeth |
| 0:55.3 | Troval has more. Longtime energy analyst Tom Closop with Turner Mason and Company has watched |
| 1:01.5 | oil prices rise and fall during conflict before. This round, he has a nickname for the Strait of |
| 1:08.3 | Hormuz. It's a straight of hyperbole because people will invoke it as a reason why crude should go to $100. |
| 1:16.8 | I think that without all of this nonsense in the Persian Gulf, we're looking at $50 more likely down the road. |
| 1:24.3 | And Robo Banks, Joe DeLora, says even if we see more escalation and price spikes in the |
| 1:29.6 | short term, the oil will eventually flow and will revert back to an oversupplied global oil |
| 1:36.6 | market. That's partially because demand for gasoline is decreasing in China and flattening in the U.S. |
| 1:43.3 | And there's quite a bit of production that basically is coming online in 2025, |
| 1:49.0 | 2026. |
| 1:50.5 | In Guyana, Brazil, Kazakhstan. |
| 1:53.4 | On top of that, OPEC is bringing more supply into the market. |
| 1:57.4 | Which is why, he says, prices are likely to crater if this conflict eases. I'm Elizabeth |
| 2:04.0 | Troval for Marketplace. U.S. bonds are down with a 10-year interest rate up to 4.37 percent. Federal Reserve |
| 2:13.2 | Chair Jerome Powell is set to begin two days of testimony to Congress in just a bit, where |
| 2:18.5 | indications are he's sticking to the idea of keeping interest rates steady. That's the posture |
| 2:24.4 | he had last week. Marketplace's Nancy Marshall-Gensar has that. Fed Governor Christopher Waller told |
| 2:29.8 | CNBC last week that the Fed could cut rates at its next meeting in July to keep unemployment |
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