Educational News

2.6 million student loan borrowers fell into default in early 2026: New York Fed

Millions of student loan borrowers have recently defaulted on their loans, according to new data from the Federal Reserve Bank of New York. Roughly 1 million borrowers fell into default during the fourth quarter of 2025, and another 2.6 million borrowers did…

Private student loan market set to expand under new federal loan caps with risks for grad school borrowers

More graduate students are likely to take out private education loans after new federal loan caps were established in President Donald Trump’s One Big Beautiful Bill Act. That prospect is worrying, consumer advocates and other financial experts say — private lenders are likely to reject many…

Incoming college freshmen will rack up an average of $43,000 in student loans by graduation, report finds

With National College Decision Day approaching, college affordability is a top concern for most students and their parents. Around 46% of 2026 high school graduates will go on to a four-year college or university, according to a new report by NerdWallet. Many of them…

Trump administration finalizes federal student loan caps—what it means for borrowers

The Department of Education on Thursday finalized the student loan overhaul introduced in President Donald Trump’s “big beautiful bill,” also known as the Working Families Tax Cuts Act, which was signed into law in July. The final regulations include new borrowing limits on federal student…

More than 7 million student loan borrowers face deadline to leave Biden-era repayment plan. What to know

Student loan borrowers will soon be removed from the Saving on a Valuable Education, or SAVE, plan, the Trump administration announced on Friday. The Education Department said it would send guidance to the 7.5 million people who signed up for the now-defunct repayment plan.…

US appeals court orders end to SAVE student loan repayment plan affecting millions

A federal appeals court in the US has ordered the end of the Saving on a Valuable Education (SAVE) plan, a repayment programme introduced during the Biden administration that was used by millions of student loan borrowers. The ruling comes…

US Treasury Department taking over some student loans as Education Dept gets dismantled

The US Education Department is handing off a portion of its student loan portfolio to the Treasury Department, a first step toward shedding management of all student loans as Trump administration officials dismantle the federal education agency. Under an agreement…

U.S. Department of Education Issues Proposed Rule to Make Higher Education More Affordable and Simplify Student Loan Repayment

The U.S. Department of Education (the Department) today issued a Notice of Proposed Rulemaking (NPRM) aimed at reducing the cost of higher education and simplifying federal student loan repayment, as outlined in President Trump’s historic Working Families Tax Cuts Act (the Act). …

Some student loan borrowers are getting Navient settlement checks — here’s who qualifies

Some student loan borrowers can soon expect a check in the mail, more than a year after the Consumer Financial Protection Bureau reached a $120 million settlement with former federal servicer Navient. The CFPB said Navient steered student loan borrowers away from affordable repayment plans…

Student loan delinquency rate jumps to nearly 25% in Trump’s second term, analysis finds

The student loan delinquency rate is surging, new research finds. Nearly 25% of student loan borrowers with a payment due are now behind, compared with around 9% in 2019, during President Donald Trump’s first term, according to a report published Friday by The Century Foundation,…