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…
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…
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…
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…
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…
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…
Tobi Opeyemi Amure May 5, 2026 For decades, the math on graduate school in America worked something like this. You borrowed what you needed, finished the degree, and out-earned the debt over a long career. Washington made that bet possible. The federal government would lend you whatever the school charged, with no credit check, no…
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…
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…
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…
