May 5, 2025

education

Loans

Default student loans sent to collections starting Monday

Trump administration begins sending default student loans to collections Starting Monday, the Education Department will resume reporting defaulted student loans to collections agencies, potentially affecting as many as 5 million borrowers. Updated: 5:20 AM CDT May 5, 2025 Washington Bureau Reporter The Department of Education will begin reporting defaulted student loans to collections agencies starting

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Finance

High schoolers will be required to learn personal finance if lawmakers pass bill

Balancing a budget, doing taxes, investing. All things many adults know how to do — but young people? Many aren’t so sure. There’s a bipartisan push to change that situation – but it’s run into some opposition in the mad dash to the end of the legislative session. HB 25-1192 would make one semester of

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Funds

State’s schools face potential loss of $232.1 million in federal funds, less than feared but still worrisome – Baltimore Sun

The good news is that the state’s schools are not going to lose $418 million in federal funding they feared was lost last month when federal officials abruptly announced they were clawing back unspent pandemic recovery funds. The bad news is that the state could still be out $232.1 million, the Maryland Board of Education

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Loans

Student Loan Overhaul Clears House Committee

Over strong objections from Democrats, House Republicans on the Education and the Workforce Committee advanced legislation Tuesday that would make dramatic changes to the federal student aid system. The sweeping 103-page bill, known as the Student Success and Taxpayer Savings Plan, passed on a party-line vote after more than five hours of debate. The legislation

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Loans

Education Dept. collection of student loans in default worries some grads, appeases others – Baltimore Sun

The U.S. Department of Education’s plan to begin collecting federal student loans in default has caused anxiety among some Maryland graduates, while others say the time has come for them to accept fiscal responsibility. The Department of Education will begin collecting federal student loans in default on May 5, having issued a warning that borrowers

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Funds

Education program helps Mississippi families. Trump budget could end it

How would a Dept. of Education closure affect Americans? U.S. President Donald Trump moved to eliminate the Department of Education. But he can’t shutter the agency without congressional legislation. The Trump administration’s proposed 2026 budget could eliminate Head Start funding, impacting 800,000 children nationwide. In Mississippi, Head Start serves 25,000 children and 238 pregnant mothers.

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Loans

As Education Department resumes student loans collection, South Florida borrowers struggle to restart repayments

In less than two weeks, the U.S. Department of Education will resume collecting student loans in default and that means millions of borrowers will have to start making payments or risk having their wages garnished. After years of paused student loan payments, millions of borrowers are still struggling to restart repayment, and some, like Conrad

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Funds

Funding to be withheld from schools who don’t end DEI

Gov. Stitt addresses remarks from Ryan Walters in press conference In a live-streamed press conference, Gov. Kevin Stitt spoke against Ryan Walters’ rule requiring children and parents to disclose immigration status upon enrollment. The Office of the Govenor/Youtube State schools Superintendent Ryan Walters said Tuesday he would block federal funds from going to Oklahoma schools

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Loans

Wage garnishment for defaulted student loans starts in May

Student voices concern over the proposed SEPTA cuts during rally Social science honors student Jaylah Fitzgerald, from the Academy at Palumbo, addresses the crowd at the Save SEPTA rally against the proposed transit cuts Millions of student loan borrowers in default could see their wages garnished soon after the U.S. Department of Education announced it

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Loans

Collection on defaulted student loans to restart May 5

The change will lead to garnished wages and benefits for more than 5 million Americans starting this summer. Collection of defaulted student loans to resume May 5: What to know Since the pandemic, federal student loan borrowers have been mostly protected from the harshest consequences of defaulting. That’s about to change on May 5. WASHINGTON

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