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.
This Week In College And Money News: April 24, 2026
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.
Judge Approves $425M Capital One 360 Savings Settlement — Payments Expected July
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.
New Analysis Projects Class Of 2026 Will Borrow $43,500 For A Bachelor’s Degree
NerdWallet projects 2026 high school grads could borrow $43,500 for a bachelor’s degree as new federal repayment rules take effect July 1.
Treasury Set To Ramp Up Defaulted Student Loan Collections In July
Treasury and the Education Department plan to begin contacting roughly 500,000 defaulted student loan borrowers in July as collections ramp up.
Graduate PLUS Loans Confirmed Included In Federal Borrowing Cap Starting July 2026
The Department of Education confirmed Graduate PLUS loans will count toward the new $257,500 OBBBA lifetime borrowing limit starting July 1, 2026.
How New Graduate School Loan Limits Will Impact Colleges
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 Wants Students To Repay State Scholarships If They Drop Out
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.
Fidelity Adds 100+ ETFs to $100 Service Fee List Starting June 2026
Fidelity expands its $100 ETF service fee list from 27 to 120+ funds. Roundhill, Kurv, and other niche issuers affected starting June 2026.
Senate Democrats Move To Repeal Education Freedom Tax Credit Before 2027 Launch
30 Democratic senators introduced a bill to repeal the Education Freedom Tax Credit before it takes effect in 2027.
Intuit Faces Class Action Over TurboTax Refund Advances to Active-Duty Military
New class action lawsuit alleges TurboTax refund advance loans violated the Military Lending Act by overcharging active-duty service members.