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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 Additionally, nearly 1.9

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Federal Guidelines for Reporting Student Loan Interest Paid in 2024

College Aid Services

Federal Student Aid has provided guidance on how borrowers who made federal student loan payments in 2024 should report this information to the IRS for the upcoming tax year.

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GAO Releases Data on Return to Student Loan Repayments

Diverse: Issues in Higher Education

Nearly a third of borrowers whose federal student loans entered repayment in October 2023, following the COVID-19 pandemic extended pause, are past due on the payments, according to a newly released report from the U.S. The above pie chart shows the number of federal student loan borrowers in repayment by status, as of Jan.

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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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Study: 90% of Recent College Graduates Report Positive Experience Despite Pandemic Challenges

Diverse: Issues in Higher Education

The research, which surveyed 1,045 adults who earned undergraduate degrees between 2019 and 2024, found that 82% of recent graduates have secured employment, with nearly three-quarters working in fields related to their degrees.

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New Mexico' to Provide Student Loan Forgiveness for Students Enrolling in Health Programs

Diverse: Issues in Higher Education

New Mexico's Higher Education Department has announced that it is accepting applications for a program that will provide up to 100 percent student loan forgiveness for New Mexico residents who graduated from one of the 23 out-of-state professional and graduate programs.

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Student Loan Forgiveness Preview for 2024

Student Loan Planner

This year has been somewhat of a mixed bag for student loan borrowers. On the one hand, President Biden’s signature mass student loan forgiveness plan – which would have erased up to $20,000 in federal student loan debt for millions – was struck down last summer by the Supreme Court.