New Senate Bill Would Give First-Time Homebuyers $5 For Every $1 They Save
Sen. Jeff Merkley’s Homeownership Promise Act would match first-time homebuyers’ down payment savings $5 for $1, up to $50,000 in federal HUD grants.
Cornell Wants Admissions To Reward ‘Enough’ Instead Of ‘The Best’ — And Blames The Common App
Cornell’s 238-page Future of the American University report targets AI, admissions, and opaque tuition pricing. Here are its four biggest recommendations.
Santa Clara University Expands California Promise Aid To Families Earning $150,000 Or Less
Santa Clara University will cover tuition, fees, and housing after family contribution for California families earning $150,000 or less from fall 2027.
Student Loan Borrowers In Their 40s Have 45% Smaller 401(k) Balances, EBRI Finds
EBRI finds student loan borrowers in their 40s have median 401(k) balances 45% lower than non-borrowers, and a universal loan match could add $11.2B a year.
Lawsuit Says Education Department Still Reports $4.6 Billion In Cancelled Student Loans
A new class action says the Education Department still reports $4.6 billion in cancelled student loans to credit bureaus, hurting 300,000+ borrowers.
Three Former ED Secretaries Ask Inspector General to Investigate Cost of Education Department Layoffs
Arne Duncan, John King Jr., Miguel Cardona and AFGE Local 252 asked the Education Department inspector general to investigate the cost of 2025 layoffs.
The 2027-28 FAFSA Is Now Open To Every Family, Ahead Of The Oct. 1 Deadline Again
The 2027-28 FAFSA is now open to all students ahead of the Oct. 1 deadline. See what changed, which tax year it uses, and why filing early means more aid.
9.3 Million Federal Student Loan Borrowers Are Now In Default, New FSA Data Shows
Federal student loan defaults hit 9.3 million with $234 billion owed, new FSA data shows, while IDR balances rose from $740 billion to $792 billion in a year.
89 Groups Demand Congress Take Action As Student Loan Errors Hit Borrowers
89 groups, including the AFL-CIO and AFT, urge Congress to hold an emergency hearing on student loan servicing errors, PSLF losses, and SAVE confusion.
New Bipartisan Bill Would Count SAVE Forbearance Months Toward PSLF, No Buyback Required
The PSLF Inclusion Act of 2026 would count SAVE forbearance months and the first 60 payments on any plan toward PSLF, with no buyback required.
Newsom Signs Laws Letting California Community Colleges Add Up To 12 Bachelor’s Degrees
Newsom signed SB 960 and AB 2694, letting California community colleges add 2 to 12 bachelor’s degrees per district based on completion and transfer rates.