A year ago, a former president signed an order that told the Education Secretary to start shutting down the department and hand its powers back to states. The goal was to make education more local, a plan that many conservatives have pushed for long time. The secretary said her main job was to “p
The federal government is making a big change in how it handles student loans. Starting now, the Treasury Department will take charge of loans where borrowers haven’t made payments in months. This covers about $180 billion of the government’s $1. 7 trillion student debt. Eventually, the Treasury wi
The government just announced a three-step plan to move control of student loans to the Treasury Department. First, it will focus on loans that are already in default. Next, it will handle loans that are not yet in default, as long as it’s legally possible. Finally, the Treasury will help make sure
Navient, a major player in the student loan industry, has finally started sending out payments to borrowers who were allegedly wronged. This comes after a $100 million fund was set up by the U. S. consumer financial watchdog. The payments began rolling out in February, over a year after the Trump ad
Money is finally moving to those wronged by Navient, but not without a long delay. The Consumer Financial Protection Bureau (CFPB) has started sending out payments to borrowers after a deal was struck in 2024. Navient, a major student loan servicer, agreed to pay $120 million, with $100 million goin
The Education Department has decided to pause certain collection actions for some federal student loan borrowers. This move gives those in default a bit of a break while the government works on updating loan repayment and forgiveness programs. This pause means that actions like wage garnishment and
The stock market had a wild ride recently, with some companies seeing huge gains while others took a big hit. Let's break it down. Zenas BioPharma, a biotech company, saw its stock drop by more than half after their new drug showed promise in trials. The drug, obexelimab, is meant to treat a rare d
In 2025, a group of economists, led by Joseph Davis at Vanguard, made predictions that turned out to be quite accurate. They forecasted an unemployment rate of 4. 4%, an average of 97, 500 new jobs per month, and a 3% increase in the Consumer Price Index. As the year comes to a close, these numbers
Big changes are happening in colleges across New England. The Trump administration has been busy making changes to higher education. They've been following a plan called Project 2025. This plan suggested splitting up the Department of Education and giving its jobs to other agencies. Many of these ch
In the past, student loans were seen as nearly impossible to get rid of through bankruptcy. But things are changing. A recent study shows that the success rate for people trying to discharge student loans in bankruptcy has gone up to 87%. This is a big jump from 61% in 2017 and 40% in 2007. What's
