The White House on Monday ordered a pause on federal grants and loans, according to a memo, but the Department of Education said the freeze will not affect student loans or financial aid for college.

The Department of Education said Tuesday that the pause on federal grants and loans will not affect student loans or financial aid for college. The freeze, which could affect billions of dollars ...

Federal Student Aid later released a public statement telling students their funds “are not frozen.” “Direct Loans, Pell Grants, and other federal student aid funds provided to individual ...

The law sunsets a loan program for graduate students and makes short-term workforce training eligible for Pell Grants.

Key takeaways. Federal Direct Loans are originated by the federal government and don’t come with credit criteria. Federal student loan rates for 2025-2026 range from 6.39% to 8.94%.

Federal student loans aren’t considered in default until they are 270 days late. However, loans are considered delinquent on the first day following a missed due date.

After a pause of more than five years, on May 5 the federal government will resume collections on defaulted student loans. The U.S. Department of Education will target borrowers who haven’t made ...

Point blank, if you have federal student loans that have defaulted—as in you missed too many payments, so your account was sent to debt collections—those collections will resume, starting on ...

April: Receive your financial aid award letters in the mail and select a university by the end of the month. May, June and July: Accept your federal student loans, grants and scholarships. Apply ...

The Education Department said the freeze will not affect federal Pell Grants and student loans. Stream Connecticut News for free, 24/7, wherever you are. WATCH HERE ...