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Student LIFE - The Edvisors Blog

Student LIFE covers the latest information on finance and education. Learn about timely news, developments and perspectives relating to FAFSA, scholarships, student loans, financial aid and other aspects of planning and paying for college as well as budgeting, saving and other money management issues of concern for young adults. This blog has a practical focus, providing insights and advice.

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Student Loan Collections Are Resuming

By Elaine Rubin

Updated on April 21, 2025

Collection activities on federal student loans in default will resume next month after being paused since the pandemic. Over 4 million borrowers are affected, with collection activities like wage garnishment and tax offsets. This does not impact borrowers in repayment or those enrolled in the SAVE plan.

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Trump Administration Working to Limit PSLF Eligibility

By Elaine Rubin

Updated on April 09, 2025

The Trump administration has announced proposed changes to the Public Service Loan Forgiveness (PSLF) program and income-driven repayment plans, raising questions about legality and sparking criticism. The Department of Education plans to begin the rulemaking process to move these changes forward.

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Can My College Rescind My Financial Aid?

By Elaine Rubin

Updated on April 08, 2025

Recent reports of colleges rescinding grants or admissions have caused concern among students and families. While some institutions face financial challenges due to federal funding cuts, it’s important to understand the reasons behind these changes and how they might affect your financial aid.

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Managing Student Loan Debt During Economic Uncertainty

By Penny Redlin

Updated on April 03, 2025

Managing student loans during economic uncertainty can be difficult. With rising living costs and questions about job stability, keeping up with payments might seem like a constant struggle. It’s harder to pay off debt when your income is stretched thin, and that can lead to stress or even missed payments.

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IDR and Consolidation Applications Have Been Restored

By Elaine Rubin

Updated on March 26, 2025

Good news for borrowers: the electronic applications for income-driven repayment plans and Direct Loan Consolidation are now available again. While the U.S. Department of Education has confirmed that student loan servicers aren’t processing these applications immediately, they are expected to begin doing so soon.

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Skills vs. Formal Education – Which is More Marketable

By Laura Gariepy

Updated on March 25, 2025

For generations, the common life path was to graduate high school, attend college, and start a career. However, recent professional and economic shifts have made the college degree less necessary than in years past. Business owners, career experts, and Gen Z members have also noticed this trend.

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Announced: Federal Student Loans Are Moving to the SBA

By Elaine Rubin

Updated on March 21, 2025

President Trump has announced that the federal student loan portfolio is moving to the SBA. Learn why, how this could impact borrowers, and legal implications of this decision.

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President Trump Signs Executive Order to Dismantle the U.S. Department of Education

By Elaine Rubin

Updated on March 20, 2025

President Trump’s executive order dismantles the U.S. Department of Education. Learn what this means for higher education, and federal student aid programs.

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Should Colleges Charge Different Tuitions for Different Majors

By Zina Kumok

Updated on March 18, 2025

Despite both political and media attention, the student loan crisis has not improved. One potential idea to improve the situation: charging different tuition rates depending on a student's major. For some education experts, it seems unfair that a pre-med student would pay the same amount as an art history major.

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Massive Layoffs May Have Big Impact at the Office of Federal Student Aid

By Elaine Rubin

Updated on March 12, 2025

Significant layoffs at the U.S. Department of Education’s Office of Federal Student Aid are expected to affect the administration of federal student aid programs. The reduction in staffing raises concerns about potential challenges in effectively managing these programs moving forward.

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U.S. Department of Education Office Closure and Layoffs

By Elaine Rubin

Updated on March 11, 2025

Major changes underway at the U.S. Department of Education, including a temporary office closure and cutting 50% of its staff. These moves have raised concerns among students and borrowers about the future of crucial programs like FAFSA and federal student loans.

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Executive Order Limiting Public Service Loan Forgiveness

By Elaine Rubin

Updated on March 10, 2025

Learn how a recent executive order may impact Public Service Loan Forgiveness (PSLF) eligibility and what it means for student loan borrowers. The order asks for limitations on the type of organizations which would be eligible.

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