This Week In College And Money News: June 12, 2026
Under Secretary of Education Nicholas Kent joins our podcast to explain the July 1 changes, plus Treasury takes over $179B in defaulted loans and FAFSA gets faster.
House Moves to Make Graduate Nursing a Professional Degree, Doubling Loan Limits
House appropriators advanced a bill designating advanced nursing programs as professional degrees, raising federal loan caps for those students to $200,000.
IRS: More Than Half of States Have Joined the New $1,700 Federal Scholarship Tax Credit
The IRS says 27 states have opted into the new Federal Scholarship Tax Credit, a $1,700 credit for school scholarship donations starting in 2027.
House Passes Bill to Screen Every FAFSA for Identity Fraud
The House passed the No Aid for Ghost Students Act, requiring fraud screening on every FAFSA. Here’s what it means for students and aid timing.
Social Security’s 2032 Insolvency Would Cut The Average Check By $500 A Month, CRFB Report
A new CRFB report finds Social Security’s 2032 insolvency would trigger a 24% cut, slashing the average benefit by $500 a month. No state would be spared.
Stanford Study: Entry-Level Software Jobs Down Nearly 20% as AI Reshapes Hiring for College Grads
A Stanford study finds entry-level software jobs fell nearly 20% since 2022. See which college grad careers AI threatens most — and which are safest.
Court Strikes Down Trump’s $100,000 H-1B Visa Fee
A federal judge struck down Trump’s $100,000 H-1B visa fee, ruling it an illegal tax only Congress can impose. What the decision means for colleges and hiring.
62 Lawmakers Demand Education Department Act on Student Loan Default Crisis
62 lawmakers led by Warren and Merkley press the Education Department to defuse the student loan default cliff, with 9 million now in default. Answers due June 22.
Universities Cut Jobs and Degrees as International Graduate Students Vanish in 2026
International graduate enrollment fell again in 2026, triggering layoffs, deficits, and program cuts at DePaul, UNT, and UT-Arlington as visa rules tighten.
House Spending Bill Would Eliminate Subsidized Student Loans To Pay For Pell
House FY27 spending bill would eliminate subsidized student loans after July 2027 to fund a $50 Pell Grant increase, raising potential debt by $6,000 per borrower.
This Week In College And Money News: June 5, 2026
The OBBBA rollout is delaying loans for med and vet students just weeks before July 1, plus Harvard and Ursinus College all cut staff.