Senate Committee Advances Bill To Block Education Department Transfers
The Senate HELP Committee advanced S. 5046 in a 13-9 vote, blocking the Education Department from transferring four offices to other federal agencies.
Texas Public Colleges Can Consider CLT Scores In Admissions, State Official Says
Texas public colleges can now consider Classic Learning Test scores for some applicants.
OIG Report: Education Department Cut 40% Of Staff, Gutting Student Loan Oversight
An Education Department OIG report found a 40% workforce cut, with 32 Federal Student Aid suboffices (including loan servicer oversight) left with no staff.
FinCEN Orders Banks To Report Student Aid Fraud As Ghost Student Schemes Spread
FinCEN issued an alert directing banks to flag federal student aid fraud, targeting ghost student and straw student schemes draining $120 billion in aid.
Senate Bill Would Exempt State Student Loans From 2007 Scandal Conflict Rules
New Senate bill S.4097 would exempt state student loan programs from preferred lender arrangement rules Congress passed after the 2007 financial aid scandal.
Nearly 92% Of U.S. Kids Qualify For The New $1,700 Federal Scholarship Tax Credit
New report: 51.7 million kids (91.7% of K-12 students) qualify for Education Freedom Tax Credit scholarships starting 2027. See if your state opted in.
You Insure the Phone, the Car, and the Spring Break Trip. Why Not the $30,000 Tuition Bill?
Families pay for insurance for cars and vacations, but tuition insurance may be the most valuable thing to insure.
Student Loan Interest Elimination Act Gets Second Push as Defaults Hit $233 Billion
Welch and Courtney are pushing Congress again to pass the Student Loan Interest Elimination Act, which would set all federal student loan interest to 0%.
SoFi’s SEC Filing Says Its Private Student Loans Can Be Discharged in Bankruptcy
SoFi’s 2026 SEC filing says its private student loans “may be discharged in bankruptcy in certain situations”, cutting against a costly borrower myth.
Department of Education Tells IDR Applicants To Reapply After Payment Error
The Department of Education is emailing IDR applicants that an error produced incorrect payment amounts and they must reapply. Here’s how to check your status.
Waiting On Biden’s Student Loan Forgiveness Cost Borrowers Up To 43%, NBER Finds
New NBER research finds borrowers who expected student loan forgiveness or pause extensions paid less, spent more, and are now far more likely to be delinquent.