Genevieve Smith spent her summer compiling an application to study at a university in the Netherlands – a vague goal now solidified, she says, due to rising costs and political turmoil in the U.S. The California-based student spent two years studying at Santa Rosa Junior College after graduating high school, all the while plotting her…
Millions of people with student loans who had signed up for a Biden-era repayment plan will start seeing interest accrue to their accounts starting on Aug. 1, a change that could result in an additional $300 in monthly costs for the typical borrower, according to one analysis. The Department of Education announced on July 9…
Millions of people with student loans who are enrolled in a popular repayment plan are now in limbo, with the Department of Education saying it has temporarily paused forgiveness for borrowers in its income-based repayment plan, or IBR. Such plans offer a double benefit for borrowers by lowering a person’s monthly loan repayment to reflect…
After already experiencing whiplash in federal student loan policies since the pandemic, borrowers must again brace for change. The “big, beautiful bill” that President Trump signed into law on July 4 overhauls the federal student loan system by reducing the number of repayment plan options down to two and capping the amount individuals can borrow…
Washington — The Education Department will soon begin collecting payments for student loans that are in default, including through wage garnishment for potentially millions of borrowers, the department announced Monday. Beginning May 5, the Education Department will begin involuntary collections through the Treasury Department’s offset program, which claws back delinquent debts by withholding payments such…