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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.
The U.S. Department of Education provides relief after clarifying how spousal income is considered for income-driven repayment plans.
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.
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.
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.
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.
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.
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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