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Student Loan Crisis

Random News

Student Loan Crisis

Random News
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More than 5 million student loan borrowers are in default. Education Department says they will be referred to debt collection

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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…

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Trump orders denial of student loan relief for nonprofit workers engaged in ‘improper’ activity

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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…

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Student Loan Forgiveness Is Changing In Just 84 Days, With Major Consequences Expected

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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…

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U.S. Department of Education Announces Next Steps for Borrowers Enrolled in the Unlawful SAVE Plan

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Press Release March 27, 2026 Today, the U.S. Department of Education (the Department) began issuing guidance to all borrowers enrolled in the unlawful ‘Saving on a Valuable Education’ (SAVE) Plan, directing them to exit the plan and enter a legal federal student loan repayment plan. The guidance will be sent to the 7.5 million borrowers…

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Student loan forgiveness is the overlooked remedy that could help close the racial wealth gap

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By Amiah Taylor Joe Biden has canceled more student loan debt than any other U.S. president, forgiving $16 billion in federal student loans for targeted groups such as disabled borrowers, and students who were defrauded by their institutions. Since April, Biden has been deliberating widespread student loan forgiveness and has also been considering income caps that would exclude high earners…

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What’s Happening to Student Loan Forgiveness?

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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…

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Kent Says Treasury Has ‘Better Talent’ Than ED to Support Student Loans

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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…

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New bill would make student loan forgiveness easier for teachers

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Story by Suzanne Blake A new bill introduced in Congress aims to make it significantly easier for teachers to qualify for student loan forgiveness. The Teacher Debt Relief Act, introduced by Democratic U.S. Representative Jahana Hayes of Connecticut, seeks to streamline existing forgiveness programs so teachers can access debt relief sooner without having to navigate conflicting rules….

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