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The Latest Breaking News from Federal Student Aid

Washington gutted the office that manages your student loans. Next week, it has to reinvent them

On July 1, the biggest student loan overhaul in decades kicks in. The agency running it lost 40% of its staff and is blocking its own watchdog from seeing the damage.

Fortune

New FAFSA Rules in Could Change When — and How — Families Save for College

Are families about to rethink how they save for college starting right now? Changes to the financial aid system in the United States are already pushing parents, students, and planners to reconsider the timing and strategy behind college savings. The new rules connected to the application for federal student aid…

The Free Financial Advisor

The Bills Driving U.S. Household Debt to New Peaks — Can You Shrink Yours?

You can't build your wealth and your creditors' fortune with the same dollars. Clear these two drains on your income as quickly as you can to start saving cash.

GOBankingRates

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Here's How to Get Student Loan Help Despite Service Disruption Amid the US Government Shutdown

US student loan borrowers can utilise the Education Department's official website, contact their loan services, or reach out to nonprofits to resolve their queries.

International Business Times UK

Student-Loan Forgiveness Turns Real Under Trump — Emails Say Discharge Within Weeks Despite Staffing Meltdown

Trump's administration begins student-loan forgiveness for IBR borrowers. Emails confirm discharge despite shutdown delays.

International Business Times UK

US Education Department Restarts Student-Loan Forgiveness for Borrowers on Income-Based Repayment Plans

US student-loan borrowers on income-based repayment plans could see their debts paid off in the coming months after the Education Department resumed a forgiveness program following a pause of several months.

International Business Times UK

There is now a backlog of 27,000 student loan complaints at the Department of Education

Tens of thousands of complaints from student loan borrowers about their lenders or schools have gone ignored as Trump seeks to gut the agency

The Independent UK

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Scammers are using AI to enroll fake students in online classes, then steal college financial aid

Financial aid fraud is exploding, thanks to the rise of artificial intelligence

The Independent UK

Federal student loans in default will be sent to collections next week. Here’s what to know

Student loan borrowers with loans in default could see their wages garnished as collections begin May 5

The Independent UK

US education department insiders warn student loan system at risk: ‘The gatekeepers are gone’

Mass firings spark concern as department employees say cuts set stage for widespread fraud and abuse

The Guardian - US

Federal student loan site down Wednesday, a day after layoffs gutted Education Department

An hours-long outage on StudentAid

The Independent UK

Department of Education promises major overhaul of federal student aid office after FAFSA delays

The FAFSA form experienced several technical difficulties since its rollout in December.

Latin Times

Federal Student Aid Office Head To Step Down

Richard Cordray resigns as head of Federal Student Aid office amid criticism over FAFSA rollout issues.

Top News

The long-awaited FAFSA form for college aid is finally here. Here’s why you should hurry up and fill it out.

The Department of Education soft-launched its simpler application for federal student aid that’s also supposed to help families get more money for college.

Chicago Sun-Times

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The Independent UK

How to apply for student loan forgiveness – and scams to watch out for

Here’s what you need to know about student loan forgiveness and the plans available for you

The Independent UK

How to apply for student loan forgiveness – and scams to watch out for

Here’s what you need to know about student loan forgiveness and the plans available for you

The Independent UK

How to apply for student loan forgiveness – and scams to watch out for

Here’s what you need to know about student loan forgiveness and the plans available for you

The Independent UK

How to apply for student loan forgiveness – and scams to watch out for

Here’s what you need to know about student loan forgiveness and the plans available for you

Get all your
news in one place.

100's of premium titles.
One news app.

The Independent UK

How to apply for student loan forgiveness – and scams to watch out for

Here’s what you need to know about student loan forgiveness and the plans available for you

Kiplinger

Student Loan Application Forms Just Got Easier, Sort Of

The federal student loan application form has been simplified but its rollout might leave you scrambling.

WEKU

Education Department punishes student loan servicer for billing mistakes

The department is withholding payment from loan servicer MOHELA as 2.5 million borrowers didn't receive timely billing statements.

Fortune

A 31-year-old with $44,000 in student debt is shocked she’s paying more after rollout of Biden's new plan is botched: 'It's been a nightmare'

Biden's new plan promised to make student loan payments affordable. Borrowers say they can't enroll in it: "Goat rodeo is about the best way to describe" it.

The Independent UK

How to complain about your upcoming student loan bill

On the bumpy road to repayment this fall, student loan borrowers have some qualms

WEKU

What a shutdown would mean for student loan borrowers

October loan payments will still be due, but an extended shutdown could impact customer service.

The Independent UK

804,000 long-term borrowers are having their student loans forgiven before payments resume this fall

Student loan payments start up again for most borrowers in October, but more than 800,000 people who have been paying for years are having their loans forgiven

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