The Department of Education's failure to properly process discharge applications from vulnerable and sick borrowers is reprehensible. We are simply asking the Department to review their applications on the merits, as is their right.
Youth 4 Youth was built by players who are currently living the journey. We're taking the doors we've walked through and holding them open for the next generation.
The One Big Beautiful Bill Act includes the largest overhaul to the federal student aid system in decades, limiting loan repayment and debt forgiveness options for borrowers.
David Robinson, who completed a one-year postgraduate diploma in adult nursing, was informed that his course was ineligible for maintenance loans, requiring repayment at an accelerated rate.
In the coming weeks, the Department will issue clear guidance on next steps for borrowers enrolled in the illegal SAVE Plan, including details regarding how borrowers can move into a legal repayment plan. The Trump Administration will continue to realign the federal student loan portfolio to better serve students and taxpayers.
As the Federal student aid portfolio soars to nearly $1.7 trillion and with nearly a quarter of student loan borrowers in default, Americans know that the Department of Education has failed to effectively manage and deliver these critical programs. By leveraging Treasury's world-renowned expertise in finance and economic policy, we are confident that American students, borrowers, and taxpayers will finally have functioning programs after decades of mismanagement.
Debt eats at your ability to build wealth over time. It steals your hard-earned income and causes you not to be able to do things like invest, not to be able to do things like pay cash for emergencies.
Many buyers assume homeownership is out of reach if they earn less than the area's median income - but that's not always true. From FHA and USDA loans to down payment assistance programs, there are real pathways to homeownership - even if you have little savings.
In general, students across all income brackets are paying less for college, adjusted for inflation, than they did six years ago at all types of institutions. In some cases, those drops were especially high, including for low- and middle-income students at the nation's wealthiest private colleges; their average net price dropped 28.1 percent and 30.8 percent, respectively.
It can be scary to borrow large student loans to finance an expensive college degree. There is a market failure, however, every time a student does not attend their preferred college, study their preferred major, or pursue their preferred career because they are afraid of student loans. Students should be free to pursue their passions - not forced into second-best choices because of the cost of the degree or the prospect of a lower income in the future.
While overall more people are choosing college, there are important shifts happening in where students are going and where they're not. Enrollment at private four-year colleges is down. Fewer people are enrolled in master's degree programs. But enrollment is up at four-year public universities and at community colleges. There, it's driven by students choosing short-term credentials tied to the workforce.
