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Department of Education Resumes Federal Student Loan Collections After Four-Year Pause

Diverse: Issues in Higher Education

Department of Education announced this week that its Office of Federal Student Aid (FSA) will resume collections on defaulted federal student loans beginning Monday, May 5, 2025, ending a pause that has been in effect since March 2020. million borrowers owing more than $1.6 The book is scheduled to be released in September 2025.

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Chaos and Confusion: The State of Student Loans

Diverse: Issues in Higher Education

It’s been an incredibly challenging and chaotic year in student loan space,” said Persis Yu, deputy executive director and managing counsel at the Student Borrower Protection Center, a nonprofit organization working to eliminate student debt. The debt burden is not distributed equally among students.

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Federal Student Loans: Resolving Delinquency

College Planners of America

If a former student is past due on a Federal student loan, there is an obvious way to bring the loan account current. Each type of Federal student loan has a unique set of terms and conditions that determine the way interest is treated. This is due to their status as need-based student aid.

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TICAS Policy Agenda Tackles the Flaws in the Higher Ed System

Diverse: Issues in Higher Education

Recommendations include doubling the maximum Pell Grant, reforming the student loan system to protect borrowers, and ensuring that public benefit programs, like the Supplemental Nutrition Assistance Program (SNAP) or Temporary Assistance for Needy Families (TANF), are reformed to support a student’s journey through higher education. “If

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Courts Blocking SAVE Plan Cause Chaos for Student Loan Borrowers, Advocates Warn

Student Loan Planner

Two federal courts issued sweeping orders blocking key elements of President Biden’s SAVE plan this past Monday, June 24, 2024. SAVE, which stands for Saving on a Valuable Education, is a new income-driven repayment (IDR) plan that the administration has been touting as the most favorable plan ever created.

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Additional Guidance on NSLDS Post-Screening & Identity Verification for 2024-25

College Aid Services

Federal Student Aid has provided several tools that institutions can utilize until the National Student Loan Data System (NSLDS) post-screening and identity verification processes are available later this year for 2024-25.

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Why Financial Literacy is the Bedrock of Student Success

Timely MD

It’s about empowering students to make informed decisions about their money and setting them up for long-term success. For university administrators, understanding this topic is essential for supporting both student success and institutional goals.