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…
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…
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…
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…
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…
Trina Pau Associate Reporter When the Biden administration announced its student loan forgiveness plan in August, it was an unprecedented move to help alleviate the $1.6 trillion worth of debt that borrowers hold. However, the forgiveness plan now faces multiple legal challenges and leaves borrowers wondering what will happen next. In the past two months, student loan forgiveness…
By Ayelet Sheffey Millions of student-loan borrowers are falling into default — and the newest wave is older than before. About 3.6 million federal student-loan borrowers defaulted in the past two quarters, after a pandemic-era repayment pause ended and collections began again, according to new data from the New York Federal Reserve. Researchers said the average newly-defaulted…
Shutdown affects on loans By ANNIE MAUpdated 3:57 PM EDT, October 1, 2025 ▶ Follow live updates on the federal government shutdown WASHINGTON (AP) — Already diminished by cuts by the Trump administration, the U.S. Education Department will see more of its work come to a halt due to the government shutdown. The department says many of its…
By —Collin Binkley, Associated Press WASHINGTON (AP) — President Donald Trump is ordering changes to the Public Service Loan Forgiveness program that would disqualify workers of nonprofit groups deemed to have engaged in “improper” activities. An executive order signed Friday directs the Education Department to modify the program to deny loan relief to some borrowers. It would…
Federal student loan forgiveness programs are about to undergo some of the most significant updates in decades. Starting on July 1, key programs that offer borrowers a route to discharging their student loans will fundamentally change. In some cases, borrowers could be completely cut off from any relief. The changes to student loan forgiveness programs stem in…
