Educational News

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…

In a major policy turnaround, the Trump administration has agreed to resume and accelerate student loan forgiveness for millions of eligible borrowers enrolled in income-driven repayment (IDR) programs, following a legal settlement with the American Federation of Teachers (AFT). In…

For months, experts have warned that student loan borrowers who are behind on their payments may trigger a “default cliff.” Recent reports show that cliff is now looming. The resumption of federal student loan delinquency reporting on consumers’ credit earlier this year caused a…

In recent weeks, some federal student loan borrowers have received welcome news: The U.S. Department of Education will soon cancel their remaining debt. “You are now eligible to have some or all of your federal student loan(s) discharged because you have reached…

The question of whether college students should take out federal or private student loans to pay for their education may have just gotten harder to answer. That’s due to a number of changes in President Donald Trump’s so-called “big beautiful bill” that will affect…

Students and families borrowing money for college will get a slight reprieve for the upcoming school year. The interest rate for undergraduate federal student loans disbursed between July 1, 2025 and June 30, 2026 will be 6.39%, down from 6.53%…