Borrowers ages 50 to 61 have the highest average balance of any age group at $48,203, according to federal data.

The Saving for a Valuable Education plan is ending and the borrowers on it will have to move to another repayment plan and resume payments. These borrowers' payments are likely to be higher compared ...

Forbes contributors publish independent expert analyses and insights. Adam Minsky is an attorney and writer focusing on student loans. A large number of Americans are struggling with their federal ...

In 2020, the federal government paused collections efforts on defaulted federal student loans, part of pandemic relief efforts. While Congress said payments would start again in 2023, the pause ...

More than 7 million student loan borrowers now need to make new arrangements after the Trump administration announced this week it is ending the Saving on Valuable Education (SAVE) plan, which had ...

The Department of Education will begin garnishing wages of those with defaulted federal student loans starting in January. The Trump administration announced in May that it would resume collections on ...

The Trump administration confirmed this week that it will resume garnishing wages from Americans who have defaulted on their student loans, with enforcement set to begin in early January 2026.

WASHINGTON, DC - NOVEMBER 20: Secretary of Education Linda McMahon speaks during a White House press briefing on November 20, 2025 in Washington, DC. The Education Department approved a settlement ...

The U.S. Department of Education plans to end a student loan debt forgiveness program used by millions of Americans. The feds said Dec. 9 that they had reached a proposed court settlement to kill the ...

A major overhaul of the federal student loan repayment system is coming in 2026. The changes stem from President Donald Trump’s One Big Beautiful Bill Act (OBBBA), which was signed into law in July.

Rising student loan and credit card debt are reshaping homeownership for younger Americans, creating new challenges and ...

"The law is clear: if you take out a loan, you must pay it back." The Department of Education has moved to terminate one of former President Joe Biden's most popular student loan forgiveness plans -- ...