Education Department Tells Borrowers To Expect Repayment, Not Forgiveness
Undersecretary Nicholas Kent told AEI that student loan forgiveness “is not happening” as Treasury takes over default collections and RAP launches July 1.
Robert Farrington is America’s Millennial Money Expert® and America’s Student Loan Debt Expert™, and the founder of The College Investor, a personal finance site dedicated to helping millennials escape student loan debt to start investing and building wealth for the future. You can learn more about him on the About Page or on his personal site RobertFarrington.com.
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Undersecretary Nicholas Kent told AEI that student loan forgiveness “is not happening” as Treasury takes over default collections and RAP launches July 1.

FTC shuts down $8.8M student loan scam, Louisiana rejects scholarship repayment bill, 442 colleges face closure risk, and COVID remote learning still hurts enrollment.

A federal judge approved Capital One’s $425 million 360 Savings settlement. Here’s who qualifies, how much you’ll get, and when payments go out.

Use 2026 tax brackets to size Roth conversions that fill the 12% or 24% band without pushing into higher rates. Three examples for pre-retirees.

NerdWallet projects 2026 high school grads could borrow $43,500 for a bachelor’s degree as new federal repayment rules take effect July 1.

The Repayment Assistance Plan (RAP) launches July 2026. See how payments are calculated, who qualifies, and what changes for married borrowers.

Treasury and the Education Department plan to begin contacting roughly 500,000 defaulted student loan borrowers in July as collections ramp up.

Use this 2026 IRA decision tree to choose between Roth or Traditional in six yes/no steps, using the latest IRS contribution limits and income phase-outs.

The Department of Education confirmed Graduate PLUS loans will count toward the new $257,500 OBBBA lifetime borrowing limit starting July 1, 2026.

Graduate loan caps in the One Big Beautiful Bill Act will cut billions in federal lending. Find out which states and programs are hit hardest.

Louisiana HB 385 would force TOPS scholarship recipients to repay award money if they drop out or lose eligibility. Here’s what the bill says.
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