Nearly 9 million student-loan borrowers are in default, and another one in four borrowers is behind on payments, a new report said.

The U.S. Department of Education is cutting around 1,300 staffers from its workforce, the agency announced Tuesday. The layoffs will effectively cut the agency in half in an effort to meet President ...

New data offers further confirmation of a crisis in the U.S. student loan portfolio, in which too many borrowers are not ...

About 160,000 borrowers will soon be notified that they are eligible for automatic student debt discharge through the borrower defense program.

Most federal student loan borrowers have been required to make monthly payments since those payments resumed in October 2023, following the nearly four-year pandemic pause. But borrowers who couldn't ...

“The department urges all borrowers in the SAVE plan to quickly transition to a legally compliant repayment plan,” Secretary of Education Linda McMahon said in a news release. Money; Getty Images The ...

If you're a federal student loan borrower or about to become one, your head may be spinning. On July 4, when President Trump signed the One Big Beautiful Bill Act into law, he also greenlit a ...