The Department of Education (ED), in collaboration with the Treasury Department, announced on Wednesday a new online portal to support borrowers who have defaulted on their federal student loans and ...

"Over the summer, the U.S. Department of Education passed new guidelines for which college degree programs are eligible for loans," Town & Country writes.

"Pay As You Earn (PAYE) is a federal income-driven repayment plan that caps your monthly student loan payment at 10% of your discretionary income and forgives whatever is left after 20 years of ...

In an email posted to the FSATech Listserv Friday afternoon, Federal Student Aid (FSA) explained that the UEH code had been disabled from late June until September 13, and that reenabling it generated ...

NASFAA, along with dozens of higher education organizations, signed onto a letter last week raising concerns about the Department of Education’s (ED) proposed revisions to the Education Department ...

On Tuesday, Common Origination and Disbursement (COD) officials acknowledged, via the FSATech email listserv, an issue identified by several NASFAA member institutions who had been unable to disburse ...

The fiscal year (FY) 2023 federal student loan national cohort default rate (CDR), rose from the FY 2022 rate, from 0% to 0.4%. Set at zero for the past three years due to the Covid-19 payment pause ...

"Somebody could be enrolling in college courses in your name, and now they’re handing in the homework to keep the aid money flowing," Investopedia reports. ... "Aid administrators worry the checks ...

The Cohort Default Rate (CDR) is a measure used by the U.S. Department of Education (ED) to track federal student loan defaults during the first three years of repayment for borrowers who graduated ...

The Department of Education (ED) announced Tuesday that it is extending the sign-up deadline for its temporary initiative in which borrowers enrolled in auto pay receive a 1% interest rate reduction ...