Tag: #studentloans

U.S. Education Department Finalizes Earnings-Based Rule That Could Cut Federal Aid for Low-Paying Programs

The Education Department adopted STATS, an earnings test tying federal loan and Pell eligibility to graduates’ pay; repeated failures can lead to loss of aid.

#education, #studentloans, #highereducation, #policy

Education Department to Offer Temporary 1-Percentage-Point Autopay Interest Discount for Federal Student Loans

Starting July 1, borrowers using autopay for eligible federal Direct Loans get a temporary 1 percentage-point interest discount through June 30, 2028.

#studentloans, #autopay, #education

Judge Freezes Assets of Alleged Student‑Loan Relief Operation That Collected Millions

Federal judge freezes assets and disables websites of alleged student‑loan relief scam that posed as the Education Department and collected millions in illegal fees.

#studentloans, #ftc, #consumerprotection, #debtrelief, #scams