Latest Student financial aid News

President Donald Trump listens to a question from a reporter during a roundtable with industry executives about reopening country after the coronavirus closures, in the State Dining Room of the White House, Friday, May 29, 2020, in Washington. (AP Photo/Alex Brandon)

Trump vetoes bipartisan measure against DeVos' loan rules

May. 29, 2020 7:57 PM EDT

President Donald Trump on Friday vetoed a measure that would have overturned a policy that Education Secretary Betsy DeVos issued in 2019 making it harder for students to get their loans erased after being misled by for-profit colleges. The Senate gave final approval to the bipartisan measure in March, dealing a...

FILE - In this March 14, 2019, file photo students walk on the Stanford University campus in Stanford, Calif.  (AP Photo/Ben Margot, File)

A student loan expert takes her own advice

May. 14, 2020 8:19 AM EDT

When you spend your days dispensing advice about student loans, you learn a thing or two about navigating the system. In the 10 years it took me to repay $40,000 in federal student loans and interest, I never found any secret tricks. But I did find ways to make the system work. At times I made no payments, and I...

FILE - In this Feb. 27, 2020, file photo, Education Secretary Betsy DeVos pauses as she testifies during a hearing of a House Appropriations Sub-Committee on the fiscal year 2021 budget on Capitol Hill in Washington. The Trump administration is barring most international students and all students who entered the U.S. illegally from receiving emergency college grants approved by Congress as part of a $2.2 trillion coronavirus rescue package. DeVos issued the restriction in new guidelines released Tuesday, April 21, 2020, telling colleges how to distribute more than $6 billion in grants meant to help students cover unexpected costs triggered by the pandemic. (AP Photo/Alex Brandon, File)

Education Department targets employers over wage garnishment

May. 12, 2020 11:27 AM EDT

The U.S. Education Department says it's ramping up efforts to contact more than 37,000 employers who have improperly continued to garnish wages from workers who have fallen behind on their student loans. Congress ordered a temporary pause on involuntary collections in March, but the Education Department was sued...

Education Secretary Betsy DeVos speaks about the coronavirus in the James Brady Press Briefing Room, Friday, March 27, 2020, in Washington, as Vice President Mike Pence listens. (AP Photo/Alex Brandon)

54,000 still getting pay held over student debt, filing says

May. 11, 2020 6:44 PM EDT

A Monday court filing from the U.S. Education Department says the agency was still garnishing wages from more than 50,000 workers who had fallen behind on their student loans more than a month after Congress ordered an immediate suspension of the practice during the coronavirus pandemic. The finding, which...

NHL profile photo on Chicago Blackhawks player Patrick Kane at a game against the Calgary Flames in Calgary, Alta. on Sat, Feb. 15, 2020. THE CANADIAN PRESS IMAGES/Larry MacDougal

The Latest: 3 players on Brazilian soccer team test positive

May. 7, 2020 1:08 AM EDT

The Latest on the effects of the coronavirus outbreak on sports around the world: ___ Copa Libertadores champions Flamengo of Brazil say three players have tested positive for COVID-19 but are asymptomatic. The Rio de Janeiro-based club said in a statement 293 employees were tested, including all players, their...

FILE - In this April 29, 2020 photo, a couple walks by a row of closed motels,  in Old Orchard Beach, Maine. The coronavirus pandemic has affected the financial lives of most Americans as businesses shutter or cut salaries to adjust to the new economic uncertainty. But roughly a quarter of Americans have not yet been financially affected. Those fortunate enough to have financial security can use this time at home to improve their fiscal health so they are better prepared when the next economic crisis hits. (AP Photo/Robert F. Bukaty, File)

Millennial Money: Still employed? Focus on savings and debt

May. 5, 2020 7:23 AM EDT

The coronavirus pandemic has thrown tens of millions of people into financial turmoil. But not everyone is feeling the pinch. Not yet, at least. Roughly a quarter of Americans (24%) said the coronavirus crisis has not impacted their financial situation, according to a survey conducted April 10-12 by J.D. Power....

FILE - In this Feb. 27, 2020, file photo, Education Secretary Betsy DeVos pauses as she testifies during a hearing of a House Appropriations Sub-Committee on the fiscal year 2021 budget on Capitol Hill in Washington. The Trump administration is barring most international students and all students who entered the U.S. illegally from receiving emergency college grants approved by Congress as part of a $2.2 trillion coronavirus rescue package. DeVos issued the restriction in new guidelines released Tuesday, April 21, 2020, telling colleges how to distribute more than $6 billion in grants meant to help students cover unexpected costs triggered by the pandemic. (AP Photo/Alex Brandon, File)

DeVos not enforcing pause on wage garnishments, lawsuit says

May. 1, 2020 3:04 PM EDT

The U.S. Education Department has continued to garnish wages from workers who are behind on their student loan payments even after Congress ordered the agency to suspend the practice during the coronavirus pandemic, a new lawsuit charges. The complaint, filed Thursday in federal court in Washington, alleges that...

FILE - In this June 20, 2019, file photo students walk around a RAMS sign at Virginia Commonwealth University in Richmond, Va. Families with 529 college savings plans may have seen their totals tumble due to recent economic events caused by the coronavirus pandemic. But that downturn also has interest rates on undergraduate federal student loans potentially decreasing to less than 3%, the lowest rate in more than 15 years.  (AP Photo/Steve Helber, File)

Should college savers opt for student loans this fall?

Apr. 16, 2020 7:24 AM EDT

Undergraduate federal student loan interest rates could fall below 3% for the first time in more than 15 years this July, based on the most recent 10-year Treasury note auction. At the same time, parents with 529 college savings plans may have seen their account balances tumble during the coronavirus pandemic. ...

FILE - In this March 27, 2020, file photo, Education Secretary Betsy DeVos speaks about the coronavirus in the James Brady Press Briefing Room in Washington. The U.S. Education Department is promising to process student loan forgiveness claims for nearly 170,000 borrowers within 18 months as part of a proposed settlement announced Friday in a federal lawsuit filed in California. The lawsuit alleged that DeVos illegally stalled a program known as borrower defense to repayment, which forgives federal student loans for borrowers who are cheated by their colleges. (AP Photo/Alex Brandon, File)

DeVos reaches settlement in lawsuit over loan relief program

Apr. 10, 2020 5:11 PM EDT

The U.S. Education Department is promising to process student loan forgiveness claims for nearly 170,000 borrowers within 18 months as part of a proposed settlement announced Friday in a federal lawsuit. The suit alleges that Education Secretary Betsy DeVos illegally stalled a program known as borrower defense to...