Department of Education to Resume Interest Accrual for Millions of Student Loan Borrowers in SAVE Forbearance Secretary of Education Linda McMahon announced last week that the Department of Education ...

Overall, the change will see borrowers being charged more than $27 billion in interest over the next 12 months.

A group of prominent senators is pushing the Trump administration to abandon its decision to start charging interest for ...

Millions of Americans with student loans will soon face resumed interest accrual and monthly payments as changes made under ...

On August 1, interest resumes for 7.7 million borrowers under the SAVE plan after a year-long pause, following legal ...

Federal student loan borrowers who enrolled in President Biden’s SAVE income-driven repayment plan have been in an ...

The act only leaves borrowers with a standard repayment plan, which includes 10-25 years of repayments depending on the loan ...

Mass student loan defaults could hurt the economy if borrowers have less money and feel unable to take financial risks, such ...

Analysis projects that a typical borrower will be forced to pay more than $3,500 per year, or $300 per month, as interest ...

Borrowers who have defaulted on their federal student loans will no longer be at risk of having their Social Security benefits garnished, an Education Department spokesperson said. The government ...

Federal student loan interest rates are fixed for the life of the loan and are set by the federal government each year using a formula based on the yield of the 10-year Treasury bond.