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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.
The law sunsets a loan program for graduate students and makes short-term workforce training eligible for Pell Grants.
Explore federal Direct Loans in 2025, including types, eligibility, interest rates and repayment options to finance your education wisely.
If federal student loans are privatized, borrowers may benefit from increased competition but would likely lose debt forgiveness and more favorable repayment programs.
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.
The proposed budget bill would eliminate certain loan types and limit the annual and aggregate amount of federal student loans borrowers can take out.
A small decline in interest rates on federal loans for next school year is the first in five years. It comes amid turmoil in student loan and financial aid programs.
The last time interest rates dropped for federal student loans was for the 2020-21 school year, when the undergraduate rate fell from 4.53% the previous year to 2.75%.
"Parent Plus loans are the millstone around the necks of incredible numbers of people," said A. Wayne Johnson, who headed the Office of Federal Student Aid, which oversees the student-loan program ...
Artificial intelligence-powered bots are stealing millions in federal student loans, according to cybersecurity company Avast.