23 States Sue Over Upcoming Graduate Student Loan Caps That Take Effect July 2026
23 states sued the U.S. Education Department on May 19 over a rule implementing $100,000 graduate student loan caps set to take effect July 1, 2026.
30 Most Expensive Colleges in 2026: Tuition Tops $72,000 at Every School on the List
Tuition at America’s 30 most expensive colleges in 2026 ranges from $72,000 to $76,828. See the full ranked list, with Colgate sitting at the top.
Workforce Pell Grant Final Rule Locks In July 2026 Launch for Short-Term Training Aid
The Education Department finalized the Workforce Pell Grant rule, opening Pell aid to 8–15 week training programs starting July 1, 2026.
DOJ Alleges Yale Medical School Discriminated By Race In Admissions Through 2025
DOJ found Yale’s medical school discriminated by race in admissions, citing 29x higher interview odds for some applicants and post-SFFA violations.
Eric Schmidt Booed at University of Arizona Graduation Over AI and Jobs
Eric Schmidt was booed at the University of Arizona graduation while discussing AI and jobs — a flashpoint over how grads see Big Tech’s future of work.
Minnesota Lawmakers Leave $131 Million Student Aid Shortfall Unfixed As Session Ends
Minnesota’s $131M State Grant shortfall could cut aid for 88,000 students and strip grants from 18,000 if lawmakers don’t act.
UChicago Doubles Free Tuition Threshold To $250,000 — One Of The Highest In The U.S.
UChicago will offer free tuition to families earning under $250,000 starting fall 2027 — the highest income threshold among elite private universities.
MIT To Admit Fewer Graduate Students As Federal Research Funding Drops 20%
MIT will admit 500 fewer grad students next year as federal research awards drop 20%+ and the 8% endowment tax squeezes university budgets.
This Week In College And Money News: May 15, 2026
Federal student loan rates rise for 2026-27, wage garnishment restarts this fall, Canvas pays the ransom, and a new Texas study confirms college pays off.
McMahon Defends Education Department Dismantling, New Grad Loan Caps in House Hearing
Linda McMahon defended dismantling the U.S. Education Department before the House committee, citing a 45% staff cut and new graduate loan caps.
IDR Backlog Falls to 530,295 in April as Education Department Sets New Processing Record
IDR backlog fell to 530,295 in April 2026 as the Education Department decided a record 456,594 applications but reporting issues delay other numbers.