Experts say recent graduates with loans should choose the repayment option that makes the most sense for them now and expect to make adjustments later.
Category: Education Department (US)
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Student Debt Collections Restart on May 5. Here’s What to Know.
More than five million borrowers are in default, and millions of others are projected to be on the precipice.
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Education Department Will Resume Collections on Student Loan Debt
In an announcement this week, the department warned that millions of borrowers could be referred to debt collectors and see deductions from their paychecks.
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Millions of Student Loan Borrowers Are Behind on Payments
They’re seeing their credit scores drop, which will make it more difficult to buy a car or rent a home. And that has implications for the already slowing economy.
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Trump Cleaves Student Loan and Special Education Services From Education Dept.
President Trump said Friday that he was tasking other government entities with core functions of the Education Department as he moves to dismantle an agency conservatives have long criticized.
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What Happens to Student Loans if the Education Dept. Closes?
The White House released an executive order instructing the secretary of education to begin shutting down the department — but not to cancel your debt.
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Trump Seeks to Bar Student Loan Relief to Workers Aiding Migrants and Trans Kids
The president signed an order that would deny loan forgiveness to workers for groups engaged in “substantial illegal activities,” which it indicated included things like diversity initiatives.
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Student Loan Borrowers Blocked from Affordable Repayment Plans
The Education Department has pulled down all applications for borrowers seeking to enroll in income-driven repayment programs. Here’s what to know.
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Young Aides Emerge as Enforcers in Musk’s Broadside Against Government
Much of the billionaire’s handiwork — gaining access to internal systems and asking employees to justify their jobs — is being driven by a group of engineers operating in secrecy.
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Federal Spending Freeze Does Not Apply to Student Loans and Pell Grants
Students and parents panicked after news of the order, but the Education Department said the guidance would not stop the flow of money to students and schools.
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Biden’s Push to Cancel Student Debt Surpasses 5 Million Borrowers
With Monday’s authorization and 27 previous ones, the Biden administration has forgiven over $180 billion in student loans, even as its larger policy vision never took root.
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Biden to Withdraw Unfinished Student Debt Proposals for 38 Million Borrowers
The decision to withdraw the regulations was a tacit acknowledgment that they would go nowhere under the Trump administration.