The Education Department ... did not fall under congressional approval. Biden wanted eligible borrowers to be able to cancel as much as $20,000 in student loan debt at a taxpayer cost of more ...

In his last week in office, President Joe Biden capped a tumultuous effort to deliver widespread student loan forgiveness by canceling another $600 million in education debt for longtime borrowers ...

The Education ... loan. Consolidating your student loans is a little bit of a double-edged sword in that accrued interest from the previous loans is added to the total principle of the new loan.

The Education Department announced Monday student loan collections will restart in May for loans in default, a move that could impact millions of borrowers and end the years-long period of ...

“American taxpayers will no longer be forced to serve as collateral for irresponsible student loan policies,” Education Secretary Linda McMahon said. Beginning May 5, the department will begin ...

Ashley Parks is an Associate Editor at Newsweek based in North Carolina. Her focus is on personal finance, particularly covering debt, banking and Gen Z money. Ashley joined Newsweek in 2024 after ...

The administration has been going through the negotiated rulemaking process to get approval for more student loan relief for five ... The Department of Education is defining hardship as an event ...

Federal student loan borrowers experiencing difficulties with their loans could find they have no recourse as President Donald Trump’s cuts to staff at the Department of Education are carried ...

Announcing the move in the Oval Office, Trump said, "I’ve decided that the SBA… will handle all of the student loan portfolios… [out of] the Department of Education immediately", adding that ...