Education

Student Loan

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Type of loan for educational expenses

A type of loan designed to help students pay for post-secondary education and the associated fees.

Latest News

U.S. Department of Education Announces Student Loan Interest Rate Reduction

The Department of Education announced that federal student loan borrowers who enroll in auto-pay will be eligible for a 1 percent interest rate reduction starting July 1. This initiative is part of broader efforts to simplify repayment and support borrowers.

U.S. Department of Education·2026-06-18

U.S. Department of Education Finalizes Landmark Rule to Lower College Costs and Simplify Student Loan Repayment

The Department of Education has finalized new rules to implement loan limits, simplify repayment options, and establish a new income-driven repayment plan. These measures aim to reduce excessive student debt and force institutions to lower college costs.

U.S. Department of Education·2026-09-18

Education Department to Start Garnishing Pay of Defaulted Student-Loan Borrowers

The Education Department announced it will resume wage garnishment for borrowers in default starting early next year. The process will begin with notices sent to approximately 1,000 borrowers, with the scale of enforcement increasing monthly.

The Wall Street Journal·2025-12-23

Fact Sheet: The Trump Administration Is Simplifying Student Loan Repayment

The administration introduced the Working Families Tax Cuts Act, which shifts student loan repayment to two primary plans: the Repayment Assistance Plan and the Tiered Standard repayment plan. These changes are designed to make repayment more affordable for families.

U.S. Department of Education·2026-06-09

Graduates could get student loan relief as Treasury reviews repayment freeze

The UK Treasury is reviewing the long-standing freeze on student loan repayment thresholds following calls to address cost-of-living pressures. Ministers have also agreed to clarify that future administrations may alter loan conditions.

The Independent·2026-09-12

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