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Parents who take a new PLUS loan after July 1 lose any path to public-service forgiveness
Families counting on Public Service Loan Forgiveness to offset the cost of borrowing for a child’s education face a hard deadline. Starting July 1, 2026,...
The Grad PLUS loan program ends July 1, capping what graduate and parent borrowers can get
Graduate students and parents who rely on federal loans to cover tuition face a hard borrowing ceiling starting July 1, 2026, when the Grad PLUS...
Federal student-loan defaults could hit a record 13 million by the end of 2026, up from 8.8 million now
Roughly nine million borrowers now hold $220 billion in defaulted federal student loans, a figure that climbed by about 1.3 million borrowers in the most...
36,000 borrowers cheated by their colleges are getting their federal student loans erased
Tens of thousands of former students who were misled by their colleges are having their federal student loan balances wiped clean. The U.S. Department of...
New Parent PLUS borrowers lose access to Public Service Loan Forgiveness on July 1.
Parents who borrow federal loans to help cover their children’s college costs after July 1, 2026, will no longer qualify for Public Service Loan Forgiveness....
The SAVE student-loan plan is ending, and 7 million borrowers have 90 days to pick a new plan or be moved automatically.
Roughly 7.5 million federal student-loan borrowers enrolled in the SAVE repayment plan will soon receive notices from their loan servicers telling them the plan is...
A new federal student-loan plan starting July 1 wipes out unpaid interest for borrowers who pay on time
Federal student-loan borrowers who make their monthly payments on time will no longer watch unpaid interest pile onto their balances under a new repayment structure...
About 12 million federal student-loan borrowers, more than 1 in 4, are now behind or in default
Roughly 12 million people with federal student loans are now behind on payments or sitting in default, a figure that amounts to more than one...
A buyer can assume a seller’s FHA or VA loan and inherit its lower interest rate
Homebuyers locked into mortgage rates above 6 percent have a federal workaround that most never hear about: taking over a seller’s existing FHA or VA...
About 2.6 million more federal student-loan borrowers slid into default and were sent to collections in just the first quarter of this year
Roughly 2.6 million federal student-loan borrowers fell into default and were referred to collections during the first quarter of the current fiscal cycle, pushing the...
A new federal student-loan plan called RAP launches July 1, replacing the income-driven options millions of borrowers use now
Millions of federal student-loan borrowers will lose access to every existing income-driven repayment plan when a new option called the Repayment Assistance Plan takes effect...
A 401(k) loan lets you borrow from your own balance and pay the interest back to yourself instead of a bank
Workers who need short-term cash but want to avoid bank interest payments have a built-in option sitting inside their retirement accounts. A 401(k) loan allows...
A new rule taking effect July 1 lets the Education Department strip some employers of public-service loan forgiveness eligibility
Borrowers counting on Public Service Loan Forgiveness to erase their federal student debt face a new threat: a final rule that, starting July 1, gives...
VA home loans require no down payment and no mortgage insurance for eligible veterans
Nearly 90 percent of VA-backed home loans close with no down payment, and the program charges no monthly mortgage insurance, giving eligible veterans and service...
Parent PLUS borrowers have until June 30 to consolidate and keep access to income-driven repayment
Parents who borrowed federal PLUS loans to help pay for a child’s college education face a hard deadline: they must consolidate those loans into a...
Defaulted student-loan borrowers could see 15% of their paychecks garnished again as collections restart
Millions of borrowers who fell behind on federal student loans face the return of a collection tool that can strip up to 15% from every...
Two older student-loan plans, PAYE and ICR, stop taking new borrowers on July 1
Federal student-loan borrowers who want to enroll in Pay As You Earn or Income-Contingent Repayment are running out of time. The Department of Education set...
2.6 million more borrowers fell back into student-loan default in a single quarter
Roughly 2.6 million federal student-loan borrowers crossed into default between September and December 2025, a single-quarter surge that pushed the total number of defaulted borrowers...
Borrowers in student-loan default can still get out through rehabilitation or consolidation
Federal student loan borrowers stuck in default have two formal exit routes available to them: rehabilitation and consolidation. The U.S. Department of Education and the...
The Education Department paused wage garnishment for defaulted student-loan borrowers
Millions of federal student-loan borrowers who have fallen into default will not see their paychecks or tax refunds seized for the time being. The U.S....