Shocking $108bn impact student loan cancelations could have on economy as Trump unveils debt relief plan
It could be life-changing for people with student loan debt Ellie Kemp Follow us on…
Shocking $108bn impact student loan cancelations could have on economy as Trump unveils debt relief plan
It could be life-changing for people with student loan debt Ellie Kemp Follow us on Google Discover As Donald Trump’s debt relief plan comes into action, a report has suggested that wiping student loan debt could massively boost the US economy. Millions of borrowers are due to have their debt forgiven as President Trump’s administration moves to…
More than 5 million student loan borrowers are in default. Education Department says they will be referred to debt collection
By —Annie Ma, Associated Press WASHINGTON (AP) — The Education Department will begin collection next month on student loans that are in default, including the garnishing of wages for potentially millions of borrowers, officials said Monday. Currently, roughly 5.3 million borrowers are in default on their federal student loans. The Trump administration’s announcement marks an…
Mapped: The Average Student Loan Debt in Every U.S. State
By Peter Gratton Full Bio Peter Gratton, Ph.D., is a New Orleans-based editor and professor with over 20 years of experience in investing, economics, and public policy. Peter began covering markets at Multex (Reuters) and has expanded his coverage to include investments, ethics, public policy, and the health and travel industries. Learn about our editorial policies …
Millions of student loan borrowers are at risk of defaulting, data shows
September 5, 20255:11 AM ET Heard on Morning Edition Cory Turner New data reveals a growing problem; millions of federal student loan borrowers are at serious risk of default. A MARTÍNEZ, HOST: New data shows a growing problem with federal student loans. Millions of borrowers are at risk, at serious risk, of defaulting. NPR’s Cory Turner…
Kent Says Treasury Has ‘Better Talent’ Than ED to Support Student Loans
By Jessica Blake By shifting oversight of the portfolio, the Trump administration aims to improve loan collection as well as prevent borrowers from entering default in the first place. AEI senior fellow Preston Cooper (left) hosted a fireside chat with Education Under Secretary Nicholas Kent. Jessica Blake/Inside Higher Ed To Education Under Secretary Nicholas Kent, transferring…
10 Biggest Student Loan Repayment Mistakes
Some student loan repayment mistakes are made the day you borrow money. By Maryalene LaPonsie | Reviewed by Mark Evitt | Edited by Tracy Stewart | April 17, 2026SaveAdd us onShareMore More Getty Images Steer clear of these common student loan mistakes, both before and after you graduate. Key Takeaways The headlines are dire: 42.7 million borrowers owed…
Student Loan Debt for Borrowers Ages 50 to 61 Reveals Unique Financial Strains for Gen X
By Elizabeth Guevara Full Bio Elizabeth Guevara is a personal finance reporter who explains the world of business and economics and how it impacts your finances. She joined Investopedia in 2024. Learn about our editorial policies Published May 15, 2026 How to Reach Financial Freedom: 12 Habits to Get You ThereClose KEY TAKEAWAYS Get personalized, AI-powered answers…
U.S. Department of Education Finalizes Landmark Rule to Lower College Costs and Simplify Student Loan Repayment
Press Release April 30, 2026 Today, the U.S. Department of Education (the Department) released a final rule that will lower the cost of college and make student loan repayment easier, an important step toward implementing historic reforms contained in President Trump’s Working Families Tax Cuts Act (the Act). Beginning this summer, the Department will…
Treasury taking over federal student loans amid dismantling of Department of Education
ByArthur Jones II March 19, 2026, 7:13 PM The Trump administration is expected to send the nearly $1.7 trillion student loan portfolio from the Department of Education to the Treasury Department amid its ongoing winding down of the agency, the Dept. of Education announced Thursday. The move will start by impacting roughly 10 million borrowers…
Understanding Financial Aid for College: A Guide
By Sarah Wood Sarah Wood edits content for Consumer Advice-Education and covers financial aid, student debt, tuition and many other topics related to secondary and postsecondary education. She also edits and manages The Bottom Line, a free newsletter that provides advice to prospective MBA students. Many families are shocked by a college’s sticker price. While the cost of…
