Late Monday evening, the Trump adminstration announced that federal loans and grants would be paused. A judge on Tuesday suspended the freeze until February 3 following a lawsuit, but the ultimate ...

The Education Department said Trump's freeze on federal aid will not affect federal Pell Grants and student loans.

Explore federal Direct Loans in 2025, including types, eligibility, interest rates and repayment options to finance your education wisely.

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

The Department of Education will start collections on student loans in default. Here’s how you can avoid wage garnishment on federal student loans.

If federal student loans are privatized, borrowers may benefit from increased competition but would likely lose debt forgiveness and more favorable repayment programs.

What you should know (and do) if your federal student loans are in default The Trump administration announced that collections will resume on federal student loans in default on May 5.

A student loan is a type of financial aid for students who need assistance paying for schooling and associated fees such as housing, books and more. Student loan debt surpassed $1.6 trillion in 2019.

You should only apply for private student loans if you've already exhausted your other options, including federal student loans, grants, scholarships and other forms of financial aid.

According to the Federal Student Aid website, Michigan residents owe about $51.6 billion in loans. The site says 1.394 million Michigan residents owe money.

After a pause of more than five years, on May 5 the federal government will resume collections on defaulted student loans.