federal student loans

450k borrowers claim they were defrauded by their colleges and seek to erase federal student loans through a class-action lawsuit. The legal battle, named Sweet v. DeVos in 2019, has continued under different administrations and education secretaries, remaining unresolved for years.

Students in low-paying college degree and certificate programs will no longer be eligible for federal student loans under a new rule. The policy change aims to restrict federal loan access for programs that do not lead to sufficiently high wages.

A new rule has made students in low-paying college degree and certificate programs ineligible for federal student loans. The policy targets programs where degrees or certificates do not lead to sufficiently high wages.

Nearly 300,000 North Carolinians have defaulted on federal student loans, collectively owing $7.8 billion. Half of these borrowers entered default after federal loan payments resumed in September following the pandemic pause, with experts warning of rising defaults and financial consequences like damaged credit and wage garnishment.

Federal student loan borrowers must act by July 1 to address upcoming changes affecting repayment plans. A debt relief attorney advises contacting loan servicers, gathering financial documents, and reviewing household budgets to avoid delinquency.

Federal student loan borrowers face changes starting July 1, with a debt relief attorney advising them to contact loan servicers and review repayment plans. Borrowers should gather financial documents and assess their budgets to avoid delinquency, as private loan holders are unaffected.

Federal student loan borrowers must act before July 1 changes impact repayment plans, as advised by debt relief attorney Leslie Tayne. Borrowers are urged to contact loan servicers, review financial documents, and assess household budgets to identify suitable repayment programs.

The U.S. Department of Education launched the Repayment Assistance Plan (RAP), allowing federal student loan borrowers to make income-based payments of 1-10% of their income, reduced by $50 per dependent. Borrowers making 360 on-time payments can apply for an interest waiver and matching principal payment. A separate Tiered Standard plan offers fixed repayment terms of 10-25 years based on loan amounts, replacing the previous 10-year default plan. Both programs began on July 1.

A new lawsuit claims the U.S. Department of Education is not discharging certain federal student loans as previously promised to 1.5 million borrowers. The lawsuit seeks verification that the loan relief was actually provided.

A new lawsuit claims the U.S. Department of Education is not discharging certain federal student loans as previously promised to 1.5 million borrowers. The case seeks proof that the loan relief was actually provided.

A new lawsuit alleges the U.S. Department of Education may not be discharging certain federal student loans as previously promised. The lawsuit involves 1.5 million borrowers who were promised student loan relief.

New federal student loan rules are altering funding for graduate programs, with a federal judge temporarily blocking some limits on loans for professional degrees. William Brangham discussed the changes with Danielle Douglas-Gabriel of The Washington Post.

Some religious colleges received a reprieve in the final earnings test, avoiding severe penalties for not accepting federal student loans. The change aims to address concerns about accountability measures for programs failing this test.

Significant changes to federal student loan policies took effect on Wednesday. CBS News business analyst Jill Schlesinger provided an explanation on 'The Takeout'.

A federal judge has struck down a Trump administration overhaul of a public service forgiveness program for federal student loans. The ruling was in favor of advocates who argued the program could be used for political retribution.

The article examines the long-standing connection between federal student loans and college tuition costs, noting that while the link has been discussed for four decades, it remains unclear if new loan limits will effectively reduce expenses. Economists are analyzing the potential impact.

A federal judge temporarily blocked the U.S. Department of Education's new definition of 'professional' degrees, which would have imposed lower loan caps on fields like nursing, teaching, and social work. The ruling halts the rule before its scheduled July 1 implementation, citing potential conflict with congressional intent, but allows other loan cap provisions to remain in effect.

A federal judge temporarily blocked Trump's rule that limited federal student loans for certain graduate students. The policy was set to take effect on July 1.

The Education Department announced a 1% reduction in federal student loan interest rates for borrowers with Direct Loans issued after July 1, 2012, who are enrolled in or sign up for automatic payments. The rate cut excludes nearly 9 million borrowers in default, who must first regain good standing to qualify. The change is temporary, lasting through June 30, 2028.

The Education Department under President Donald Trump announced a 1% interest-rate reduction for federal student-loan borrowers who enroll in autopay by September 30. Borrowers already in autopay receive an additional 0.75 percentage point reduction, with benefits lasting until June 30, 2028. The policy aims to encourage timely repayments and improve the federal loan portfolio's health.

More than 7 million borrowers will need to find a new repayment option for their federal student loans as the current SAVE plan is set to expire. The new plan they choose may also disappear quickly, adding uncertainty for borrowers.

More than 7 million borrowers on the SAVE plan will need to find a new federal student loan repayment option, as their current plan may soon be replaced. The new repayment plan they choose could also be short-lived.

The Trump administration's Department of Education proposed a new accountability system requiring colleges to prove graduates earn more than high school graduates to maintain federal funding. The policy aims to address rising tuition costs and student debt by tying financial aid to workforce readiness, supported by Southeastern University's president as a necessary reset for higher education.