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…
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…
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 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…
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…
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 —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…
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…
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….
