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.

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%.

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.

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 ...

If your loans are in default, the Federal Student Aid office will reach out in the coming weeks with information about the Default Resolution Group. The office can help you navigate your defaulted ...

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 ...

Apply for private student loans if you've used up the maximum amount of federal aid you are eligible for and need to bridge the financing gap. August: Pay tuition by your school's deadline.

The U.S. Department of Education is restarting its collection of student loans in default, and federal officials said people who don't begin repayment could face having their wages garnished.

Here are the top tips for paying off your student loans, according to the Federal Student Aid website: Review your student loan balance on your Dashboard. Choose a repayment plan based on your income.