Tag Archives: Student Loans

The federal student loan system is set to see a dramatic overhaul beginning this summer, and critics warn it likely will make loans more expensive and difficult to obtain for borrowers — driving them to private lenders or altering their plans for higher education. Among the major changes are new …

The U.S. Department of Education is moving to dismantle a Biden-era student loan repayment program, warning millions of borrowers they must switch plans or risk being placed into a more expensive option. More than 7 million borrowers enrolled in the Saving on a Valuable Education plan, known as SAVE, will …

The U.S. Treasury Department will take over the Department of Education’s responsibility for collecting on defaulted federal student loan debt, President Donald Trump’s administration announced Thursday. It’s the first step in a multi-phase process that will end with Treasury taking on the entire federal student loan portfolio. It’s also the latest …

The U.S. Department of Education, for now, is backtracking on plans to garnish wages and seize tax refunds of student loan borrowers in default, the department announced last week. Less than a month after the agency said it would begin garnishing wages by sending notices to roughly 1,000 borrowers in …

President Donald Trump’s administration will start garnishing the wages of student loan borrowers in default beginning early next year, the U.S. Education Department said Tuesday. In an email, the department said it expects the first notices to be sent to roughly 1,000 borrowers in default the first full week of …

A new U.S. Department of Education regulation to narrow eligibility for a key student debt relief program for public service workers has drawn strong opposition from advocates who argue the regulation is an attempt to target organizations whose missions do not align with President Donald Trump’s agenda. Under a final …

Interest accrual on the debt of nearly 7.7 million student loan borrowers enrolled in the Saving on a Valuable Education plan will resume Aug. 1, the U.S. Education Department said Wednesday. The Biden-era income-driven repayment plan better known as SAVE saw legal challenges from several GOP-led states beginning in 2024, …

Students and families could see significant changes to how student loans are repaid as well as cuts to federal student aid as congressional Republicans look to slash billions of dollars in federal spending to offset the cost of President Donald Trump’s sweeping agenda. Republicans are using the complex reconciliation process …

Brooklyn Draisey, Iowa Capital Dispatch All of the Republicans running for president in 2024 oppose President Joe Biden’s efforts to forgive college debt. Some — but not all — of them have offered their own ideas to make higher education more affordable. The pause on student loan repayments that began …

President Joe Biden is exploring new student debt relief programs designed to assist various categories of borrowers. These initiatives come in the wake of the Supreme Court’s decision to invalidate Biden’s previous attempt at mass loan forgiveness. On Monday, the Education Department unveiled the text of these proposals, detailing four …

Casey Quinlan, Wisconsin Examiner Complaints about student debt relief scams are increasing as the date approaches for borrowers to restart payment on their student loans after more than a three-year pause. Consumer protection advocates say that the Biden administration’s student debt relief efforts, the subsequent halting of those policies by …

The bipartisan debt ceiling deal, if enacted into law, will disappoint borrowers hoping for an extension of the federal student loan payment pause. The Biden administration had previously extended the pause multiple times, but this time, Education Secretary Miguel Cardona may not have the authority to do so. The bill …

Luke Clausen, Iowa Capital Dispatch Back in Washington after a week in their districts, members of Iowa’s congressional delegation focused this week on student loans. The Iowa Republicans also worked on issues dealing with first responders, transgender athletes, cattle pricing, parents’ rights, China and more. Sen. Chuck Grassley and Minnesota …

The Supreme Court hears oral arguments Tuesday in two cases to determine whether President Joe Biden can lean on a 2003 law to fulfill a campaign promise and forgive up to $20,000 in student loans for millions of borrowers nationwide. The justices are set to decide not only if the …

Ariana Figueroa, Pennsylvania Capital-Star The U.S. Department of Education unveiled a proposal Tuesday that would overhaul a federal student loan income-driven repayment plan, and, if implemented, could help millions of low-income borrowers. However, it’s unclear how the agency would be able to finance the program. Many student debt relief advocates …