Latest Student financial aid News

FILE - In this May 20, 2020 file photo a runner passes through an arch on the campus of Boston University, in Boston. COVID-19 has disrupted the plans of an estimated 3 million returning college students. Due to the pandemic’s financial and psychological stressors, some students are debating whether they should sit out this fall. While taking time out from school during the pandemic might seem like a safe choice, it could have lasting consequences.  (AP Photo/Steven Senne, File)

Why Missing College This Fall Is a Bad Idea

Jul. 2, 2020 8:16 AM EDT

As colleges figure out how to structure classes this fall, many students are questioning whether to enroll at all. The idea of taking a gap year might sound enticing, but returning students should think twice. Many colleges have official gap year or deferred enrollment policies for incoming freshmen. But...

DeSantis signs dozens of bills before deadline

Jul. 1, 2020 4:41 PM EDT

TALLAHASSEE, Fla. (AP) — Florida Gov. Ron DeSantis grabbed a lot of attention this week by approving the state budget, creating new restrictions on girls seeking abortions, signing environmental legislation and new requirements for employers to use E-verify to confirm new hires are eligible to work in the...

Education Secretary Betsy DeVos participates in a roundtable event at Waukesha STEM Academy Tuesday, June 23, 2020, in Waukesha, Wis. (AP Photo/Morry Gash)

Democrats fail to override Trump veto on student loan policy

Jun. 26, 2020 5:00 PM EDT

House Democrats on Friday failed to override President Donald Trump’s veto of a measure that would have reversed the Education Department's tough policy on loan forgiveness for students misled by for-profit colleges. The House voted 238-173 in support of the override measure, coming up short of the...

How New Grads Can Handle 3 Essential Post-College Questions

Jun. 24, 2020 1:51 PM EDT

Life after graduation is always an unknown. But the coronavirus pandemic has added even more uncertainty for the nearly 4 million students expected to receive college degrees in 2019-20, according to the National Center for Education Statistics. “I feel like when you graduate, you go out into the real...

Don't fall for COVID-19 student loan relief scams

Jun. 17, 2020 2:11 PM EDT

Student loan borrowers were targets for scams before the coronavirus pandemic hit. The longer people struggle, the more desperate they become, and that’s when scammers and fraudsters thrive. “They’re using the same playbook, but more aggressively,” says Seth Frotman, executive...

Stenehjem orders debt relief company to stop doing business

Jun. 11, 2020 3:58 PM EDT

BISMARCK, N.D. (AP) — North Dakota Attorney Wayne Stenehjem said Thursday he has ordered a student debt relief company to issue refunds to consumers and stop doing business in the state until it meets licensing requirements. Stenehjem's office started an investigation into California-based Students Loan...

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...

School head charged in plot to steal $700K in student aid

May. 23, 2020 1:21 PM EDT

RALEIGH, N.C. (AP) — A school director has been charged with plotting to steal approximately $700,000 in student financial aid to help fund a religious leader’s North Carolina ranch. Brenda Joyce Hall, 51, made her initial court appearance on Thursday to face federal charges including aggravated...

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...