News

Nearly 2 million student-loan borrowers are still waiting to learn if they'll get affordable monthly payments
The Department of Education told BI that it hopes to clear the backlog of income-driven repayment applications "over the next few months."
Education Department backlog leaves nearly 2 million student loan borrowers in limbo
In a recent court filing, the Education Dept. disclosed that 1,985,726 income-driven repayment plan applications were still pending as of the end of April.
Student Loan Rates in June 2025: What Borrowers Need to Know
Federal student loan rates are fixed and set by a formula created by Congress that changes annually. Private student loan rates change more often and can be fixed or variable. Rates are based on lender preferences,
Student loan borrowers in these jobs have most long-term financial impact
A new national survey reveals that public-sector employees are significantly more likely to hold student loan debt than their private-sector counterparts. However, they often face fewer long-term financial repercussions,
Student Loan Borrowers Are Leaving SAVE Plan for More Certain Repayment Options
KEY TAKEAWAYS As ongoing lawsuits still block the Saving for a Valuable Education (SAVE), borrowers who have been in forbearance for months are fleeing the repayment plan to continue their progress toward loan forgiveness.
Student Loan Credit Report Damage Surges — 4 Things Borrowers Can Do
Student loan borrowers are facing an unprecedented credit damage crisis as the federal student loan repayment system remains mired in turmoil and delinquencies surge.
‘My whole account is messed up’: Student loan chaos ensues, borrowers face soaring payments, uncertainty as repayment system unravels
With repayment plans on hold and recertification stalled, borrowers face delays, rising costs and uncertainty.
PBS6d
student loan debt forgiveness
President Joe Biden's plan to provide millions of borrowers with up to $20,000 apiece in federal student-loan forgiveness has been blocked by a second federal court, leaving millions of ...
Forbes15d
7 Big Winners Under The GOP Student Loan Forgiveness And Repayment Plan
The income-based plan would still have potential student loan forgiveness, albeit after a longer timeframe. Proponents of a simpler, more transparent student loan system view this ...
The New York Times16d
Your Student Loan Questions
We asked what you wanted to know about student loans ... But the Supreme Court killed the plan, ruling Biden didn’t have the authority. Then the president expanded other established pathways to ...
Student Loan Collections Are Back And They’re Hitting Harder Than Expected
Education is one of the most powerful tools for building a better future, and most people are willing to work hard to get it.
NBC DFW15d
Federal government resumes student loan collections after pandemic pause
Starting this week, the federal government is once again collecting on defaulted student loans — a ... Biden’s 2023 loan forgiveness plan — which would have canceled up to $20,000 in debt ...
Forbes20d
Republican Student Loan Forgiveness Inflation Trap: GOP Plan May Make Bills Soar
House Republicans’ newly proposed Repayment Assistance Plan, part of their sweeping 2025 student loan reform bill known as the Student Success and Taxpayer Savings Plan, aims to simplify ...
Newsweek19d
9 Ways to Get Student Loan Forgiveness as Trump Admin Makes Changes
When enrolled in one of these plans, your remaining loan balance may be eligible for forgiveness in 20 or 25 years, depending on the plan and the type of student loans you have. 3. Teacher ...
NBC Connecticut13d
Here's what federal student loan interest rates may be for 2025-2026: higher education expert
However, recent changes to the lending system have narrowed loan forgiveness and affordable ... lead to a $113 monthly ...
MARCA29d
Teacher Student Loan Forgiveness: What are the best programs available for borrowers?
Borrowers must be on an income-driven repayment (IDR) plan to maximize benefits ... can assist with eligibility confirmation. Teacher Loan Forgiveness (TLF) The TLF program offers up to $17,500 ...