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
Do college graduates have regrets about their chosen majors? With the rising cost of college, Americans currently owe nearly $1.8 trillion in student loan debt. What majors are worth the money? The U.S. Department of Education will restart involuntary student loan collections on May 5. Borrowers in default for 270 days or more will face
When applying for any type of loan, the higher an applicant’s credit score, the better chances they have at qualifying for low interest rates and other favorable terms. But when it comes to paying for college, many students may have a low or no credit score because they simply haven’t been able to build credit
Sign up for the Slatest to get the most insightful analysis, criticism, and advice out there, delivered to your inbox daily. The Department of Education provides money to local school districts. It spends billions of dollars on special education. But more than anything else? It operates like a bank. More than 40 million Americans are
More than 600 positions have been eliminated from the Federal Student Aid office, internal documents show. Now, in many places, “no one is identifying schools that are failing financially.” WASHINGTON – President Donald Trump has made it a top priority to dismantle and reorganize the federal Education Department. Simultaneously, he has promised time and again
Mixed reactions to Trump’s order to dismantle Education Department Residents in Columbia, Missouri, and New York City reacted to President Donald Trump’s executive order aimed at dissolving the Education Department. WASHINGTON — President Donald Trump signed a long-anticipated executive order seeking to eliminate the U.S. Department of Education, which he said was “45 years in
Chuck Schumer to vote to advance GOP funding bill Democratic Senator Chuck Schumer says he will vote for the GOP funding bill to avoid a government shutdown. The Senate will vote on a stopgap funding bill to avert a government shutdown. Democrats may vote against the bill in protest of President Trump’s policies. If the
Teachers union leader responds to Education Department cuts President of the American Federation of Teachers Randi Weingarten responded to Donald Trump’s Education Department cuts. The Trump administration is cutting about half of the U.S. Education Department’s workforce, including cuts in divisions that oversee federal student loans. There are over 900,000 student borrowers with $32.1 billion
US President Donald Trump speaks as he prepares to sign executive orders in the Oval Office of the … [+] White House in Washington, DC on March 6, 2025. Trump is expected to sign an executive order instructing Secretary of Education Linda McMahon to dismantle the department she now leads, US media has reported. (Photo