Educational News

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%…

The Trump administration resumed collection efforts on defaulted student loans Monday after a roughly five-year hiatus — and affected borrowers could begin feeling the financial consequences sooner than experts expected. The U.S. Department of Education released new details on what actions it plans to take, when.…

President Trump’s education boss Linda McMahon has defended the administration’s decision to resume student loan debt collections — insisting that greedy colleges have “profited massively” from Biden-era forgiveness measures. The Department of Education announced Monday it would start recouping federal student repayments…

On March 11, the United States Department of Education announced it was cutting nearly half its workforce, including staff from its Vendor and Program Oversight Group, which is responsible for overseeing federal student loan servicers.12 This could be bad news for student…

The Trump administration has taken down the applications for popular student loan repayment plans from the U.S. Department of Education’s website, leaving millions of borrowers with fewer options for now. Borrowers are unable to access the applications for income-driven repayment, or IDR, plans,…

Today, the U.S. Department of Education cancelled over $350 million in contracts and grants to several Regional Educational Laboratories and Equity Assistance Centers. The Department terminated 10 contracts totaling $336 million with the Regional Educational Laboratories, the purpose of which…

When it comes to financial resolutions for 2025, there’s one goal that often lands on the top of the list — paying down debt, according to a new survey from Bankrate. That’s as a majority of Americans — 89% — say they…