Educational News

Student loan borrowers whose debt is canceled in 2026 or later may face a significant tax bill. A law that shielded student loan forgiveness from taxation at the federal level — part of the American Rescue Plan Act of 2021 — expired on Dec. 31, 2025. President Donald…

The Trump administration continues to move slowly in processing a massive backlog of applications from hundreds of thousands of student loan borrowers seeking debt forgiveness or an affordable repayment plan, a new court filing shows. As of the end of November, 802,730 requests to transfer into…

With many federal student loan borrowers struggling to repay their debt, consumer advocates and financial advisors say it’s crucial that consumers know about the U.S. Department of Education’s affordable repayment plans and forgiveness programs. Unfortunately, some don’t. “Many borrowers end up paying more than necessary simply because…

Today, the U.S. Department of Education announced a proposed joint settlement agreement with the State of Missouri that would end the Biden Administration’s illegal ‘Saving on a Valuable Education’ (SAVE) Plan. The SAVE Plan was the Biden Administration’s third and…

Many student loan borrowers could soon have access to lower monthly payments, as the U.S. Department of Education finishes implementing changes to one of its repayment plans. Previously, borrowers needed to prove a “partial financial hardship” — or income below a certain level…

During the third quarter, nominal household debt rose 1.1% quarter-over-quarter to a total of $18.6 trillion. That’s from the Federal Reserve Bank of New York’s Household Debt and Credit report. Consumers aged 18-59 took on more debt; those aged 60…

When the U.S. Department of Education announced this week that it would transfer much of its programs to other agencies, it didn’t appear that the country’s federal student loan portfolio would be impacted. However, financial aid experts and consumer advocates are still worried for…

Federal student loan borrowers can have their remaining debts forgiven after making payments for 20 or 25 years on income-driven repayment plans.  But as of Jan. 1, 2026, that debt forgiveness could come with a massive tax liability that would undercut much…

The Trump administration has agreed to cancel student debt under programs it had partially blocked, reopening a path to student loan forgiveness for millions of borrowers. The outcome is the result of an agreement reached on Friday between the U.S. Department of Education and…

A new analysis of Federal Reserve data shows that young adults across the country are carrying dangerous levels of credit card debt, with higher-than-average levels in Ohio. The news comes as inflation continues to grow, consumer sentiment worsens, and student debt continues to…