Student loan borrowers are facing a tough time. In August, the Education Department turned down over 300, 000 requests for new repayment plans. This leaves many stuck with higher monthly payments or growing interest. It's a big issue because over 42 million Americans have student loans, totaling mor
The Department of Education has a massive backlog of student loan applications. As of November 30, 802, 730 applications for income-driven repayment (IDR) plans are still pending. This delay is causing stress for many borrowers. In November, the department approved loan discharges for 170 borrowers
The U. S. economy showed surprising strength, growing by 4. 3% in the third quarter. This growth, revealed in a delayed report due to the government shutdown, came despite a recent dip in consumer sentiment. Spending, however, remained robust, climbing to 3. 5% from the previous quarter's 2. 5%. Ho
Starting in early 2026, some people with overdue student loans might see their paychecks shrink. The government is planning to take money directly from the wages of those who haven't paid back their loans. This move is part of a bigger effort to collect overdue payments, which began earlier this yea
Starting in early 2026, the U. S. Education Department plans to resume taking money directly from the paychecks of people who haven't paid their student loans in over 9 months. This practice, called wage garnishment, was put on hold during the pandemic. The department says they will begin by sending
The U. S. Department of Education has confirmed that wage garnishments are on the horizon for millions of student loan borrowers who are seriously behind on their payments. This development is part of a broader overhaul of the student loan system, which affects over 40 million Americans and amounts
The U. S. Department of Education has revealed plans to resume wage garnishment for up to 5 million student loan borrowers who have fallen behind on their payments. This move comes as a significant shift from the temporary relief provided during the COVID-19 pandemic. Starting the week of January 7
The Department of Education (ED) recently updated its list of "professional" graduate degrees eligible for higher student loan limits. This change has sparked debate. Only eleven degrees made the cut, leaving many others, like nursing and accounting, out in the cold. Some people are upset. They thi
The Education Department has struck a deal to scrap the SAVE student loan repayment plan. This plan, known for its flexibility and low monthly payments, is now on its way out. The decision comes after a legal battle with Republican state attorneys general, who argued that SAVE was too lenient. The
The Education Department has stirred up controversy by redefining which graduate degrees qualify as "professional" for federal student loans. Accounting degrees were notably left off the list, alongside other fields like nursing, engineering, and architecture. This decision could significantly impac
