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…
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…
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…
Aug. 24, 2022, 12:21 PM EDT By Alex Ford and Lauren Egan Biden’s expected student loan forgiveness announcement could help up to tens of millions of borrowers and wipe the slate clean for as many as 14 million. A sign calls for the cancellation of student debt at a rally at the Department of Education. Students took part…
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…
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…
Story by David Nadelle Discover an older person at a wooden table using a laptop while holding a phone, with papers, a mug, and pill bottles nearby© RichVintage Student loan debt in America exceeds $1.8 trillion, but most of the 40 million borrowers do not seem to know what would happen to their debt if they died. Although private…
For years, colleges have marketed higher education as the safest path to opportunity. But behind the glossy brochures and inspirational slogans, a different reality has taken shape — one where some institutions quietly encourage vulnerable students to borrow more than they can ever repay, creating a cycle of debt that follows families for decades. This…
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….
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…
