On March 20, US President Donald Trump signed an executive order to begin shutting down the federal Department of Education and turning over management of student loans to the Small Business ...

With protections lifted, borrowers behind on their payments may soon see up to 15 percent of their wages withheld.

The Department of Education oversees federal student loans held by nearly 43 million people, or one in six American adults.

Trump announced plans to transfer the federal student loans from the Education Department to the SBA. Here’s what could ...

Moving federal student loans to another agency is the latest proposal in the ongoing effort to dismantle the Department of ...

In a surprising move, the Trump administration announced the transfer of the federal student loan program from the Department ...

Trump cannot shut down a federal agency or transfer student loans away from the Department of Education without Congress. The Higher Education Act of 1965 states that the education secretary "shall ...

The Department of Education took a key step to initiate a process that could result in major changes to federal student loan ...

If a new bill passes Congress, it will adjust interest rates on existing federal student loans down to 2 percent.

The outstanding federal student loan balance is ... the greatness of the United States education system.” “Today’s reduction in force reflects the Department of Education’s commitment ...

The Department of Education has claimed immunity from a lawsuit taken by students trying to stop massive federal cuts. The ...

With 45 million borrowers potentially facing higher costs, experts warn that the ripple effect could weaken consumer spending ...