The Latest Breaking News from Federal Student Aid

Student Loan Application Forms Just Got Easier, Sort Of

The federal student loan application form has been simplified but its rollout might leave you scrambling.

Kiplinger · Nov 20, 2023

Education Department punishes student loan servicer for billing mistakes

The department is withholding payment from loan servicer MOHELA as 2.5 million borrowers didn't receive timely billing statements.

WEKU · Oct 31, 2023

A 31-year-old with $44,000 in student debt is shocked she’s paying more after rollout of Biden's new plan is botched: 'It's been a nightmare'

Biden's new plan promised to make student loan payments affordable. Borrowers say they can't enroll in it: "Goat rodeo is about the best way to describe" it.

Fortune · Oct 14, 2023

What the Supreme Court's rejection of student loan relief means for borrowers

The court has struck down President Biden's plan to discharge federal student loan debt for tens of millions of Americans. Here are five takeaways for borrowers and the country.

WEKU · Jun 30, 2023

Need-based financial aid: What it is and how to qualify

Need-based financial aid is money that’s awarded to you based on your family’s income and finances. If you need additional funds to pay for school and can demonstrate financial need, you may qualify for different types of need-based federal aid, like work-study and Direct Subsidized Loans. To check your eligibility,…

Tribune News Service · Jun 27, 2023

Here's how to prepare to start paying back your student loans when the pandemic payment freeze ends

A three-year pause on federal student loan payments will soon end regardless of how the Supreme Court rules this week on a White House plan to forgive billions of dollars in student loan debt

The Independent UK · Jun 26, 2023

Here's how to prepare to start paying back your student loans when the pandemic payment freeze ends

A three-year pause on student loan payments will end this summer regardless of how the Supreme Court rules on the White House plan to forgive billions of dollars in student loan debt

The Independent UK · May 31, 2023

A guide to recovering from student loan default

If you've defaulted on student loans, rehabilitation and consolidation are options that will help.

Fortune · Jan 6, 2023

Debt relief email error hits millions

The error leaves borrowers in limbo until the Supreme Court hears the case next year

Salon · Dec 15, 2022

An error email leaves 9 million student loan borrowers in limbo

Millions of borrowers thought they were approved for debt relief, Federal Student Aid says it was a mistake.

WEKU · Dec 14, 2022