The Trump administration announced a three-phase transition that will eventually include management of most federal student loans as well as the Free Application for Federal Student Aid (FAFSA).
student loan debt
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Millions of student loan borrowers aren’t repaying their loans — and defaults are up
New data offers further confirmation of a crisis in the U.S. student loan portfolio, in which too many borrowers are not repaying their student loans.
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Student loan borrowers in default may soon see their wages garnished
About 5.5 million borrowers are currently in default. They haven’t risked wage garnishment since the beginning of the pandemic, when policymakers paused the practice.
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Federal student loans are changing. Here’s what to expect in 2026
The SAVE Plan is ending and repayment options will change dramatically in the new year.
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Millions of borrowers in Biden’s SAVE plan would start paying under new settlement
Legal challenges put SAVE borrowers in limbo for months, a time during which they were not required to make payments on their loans. That would change if the proposed settlement is approved.
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A ‘college for all’ push thrived in New Orleans after Katrina. It wasn’t for everyone
After Hurricane Katrina, many New Orleans charter schools united in a mission to send more students to college. Today, some of those students, now adults, wish they’d been given more options.
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What borrowers should know about student loan changes in the One Big Beautiful Bill
Now that President Trump has signed Republicans’ massive overhaul of the federal student loan program, we explain what’s set to change.
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Should colleges share the risk of student loan debt? House Republicans think so
House Republicans have a plan that would force schools to reimburse the government for a share of the federal loans their students don’t repay.
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In hearings, McMahon faces questions about the shrinking federal role in schools and colleges
In separate hearings on Capitol Hill this week, the Education Secretary answered questions about a range of issues, from student loans to mental health programs.
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What to know as the government begins collections on defaulted student debt
The Department of Education says it will resume collections on May 5 and send wage garnishment notices “later this summer.” Here’s how to know — and what to do — if you’ll be affected.
